Funded

Total loan: $1,350
Powered by 47 lenders

Eliezer

Rwanda
Rwanda / Farm Supplies

A loan of $1,350 helped to buy more seeds and pay for labor costs.


Eliezer's story

Eliezer is married with five children aged between 12 and 32. He has been a maize farmer for 20 years. His wife is also a maize farmer. He would like to use this loan to buy more seeds and pay for the labor to get the best harvest. With the profits, he wants to buy a cow. The agriculture sector accounts for 37% of Rwanda's gross domestic product, generates 65% of Rwanda's export revenue, and employs approximately 90% of Rwandans (as of 2009). Despite the importance of agriculture to Rwandans and their economy, financial institutions view lending to fund agricultural activities as a high-risk proposition because the profitability of these activities is affected by weather, natural disasters, and price fluctuations. For this reason, farmers in Rwanda remain underserved by financial institutions. Urwego Opportunity Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 8, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 8, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International