A loan of $1,050 helped to buy and plant seedlings and pay for labor on his farm.

Emmanuel's story

Emmanuel is married and has one child aged seven. He has been a rice farmer for 25 years.

Emmanuel is applying for a 624,400 RWF loan from UOB to use to buy and plant seedlings and pay for labor on his farm. He plans to use the profits to pay for medical insurance and school fees for his child. He also wants to lay some away in savings.

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

Lenders and lending teams

Loan details