Funded

Total loan: $1,175
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Jean Bosco

Rwanda
Rwanda / Agriculture

A loan of $1,175 helped to pay for labor costs.


Jean Bosco's story

Jean Bosco is married to a farmer, and they have one child, aged two years. He has requested a loan for use in the support of labor costs; he says that he is very experienced in this domain because he has spent four years in rice production. The profits from the business will be used to renovate the house.

Agriculture accounts for 37% of Rwanda's gross domestic product, generates 65% of its export revenue, and employs about 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 high-risk because profitability is affected by weather, natural disasters, and price fluctuations. Thus, 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:

9 months
Repayment schedule: At end of term
Disbursed date: July 27, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: July 27, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International