A loan of $1,325 helped to buy fertilizer and support labor cost during maize production.

Eugene's story

Eugene is 36 years old. He is married to a farmer. He has also been a maize farmer for 15 years. He will use this Kiva loan to support labor costs and purchase of fertilizer during maize production. He needs to buy fertilizer in order to increase his production. He will invest his profits from farming in his business so that he can acquire machines like tractors that will enhance his farming capacity.

The photo taken was at last season's maize ground, which the borrower will use for the new season. 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.

Loan details

Lenders and lending teams

Loan details