A loan of $950 helped to buy more seeds and support labor costs.


Elie's story

Elie is married with one child, aged five. His child goes to school. He has been a maize farmer for 4 years. His wife is also a maize farmer. He would like to get this loan to buy more seeds and support labor costs to get the best harvest. With the profits, he wants to wants to pay school fees for his child.
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 under-served 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.



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Loan details