Funded

Total loan: $1,000
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Viateur

Rwanda
Rwanda / Farming

A loan of $1,000 helped to buy fertilizers and support labor costs in the maize production.


Viateur's story

Viateur is age 21. He is married to a farmer and has one child aged two. He has been a maize farmer for 6 years. He will use Kiva loan to support labor costs and fertilizer during maize production: He needs to buy fertilizer in order to increase his production. With profits from his farming he wishes to invest in his business so that in the future he can acquire machines like tractors that will enhance his farming capacity.

The photo taken recently at the previous maize plantation and says that the last season went well. 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:

10 months
Repayment schedule: At end of term
Disbursed date: September 6, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: September 6, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International