A loan of $1,375 helped to buy fertilizers and support labor costs during maize production.


Telesphore's story

Telesphore, age 60, is married, and he and his wife have six children. He has been a maize farmer for 20 years. He wants a Kiva loan to buy fertilizers and support labor costs. With the profits, he plans to develop his family through providing the basic needs. 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


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Loan details