Funded

Total loan: $1,125
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Celestin

Rwanda
Rwanda / Farming

A loan of $1,125 helped to buy fertilizers and seed and to support labor costs during maize production.


Celestin's story

Celestin is 42 years old. He is married to a farmer and they have five children between 5 and 20. All of his children attend schools.

He has been a maize farmer for 10 years. He wants a Kiva loan to buy fertilizers and seed and to support labor costs. He plans to use the profits to pay school fees and make 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

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: October 4, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: October 4, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International