Funded

Total loan: $950
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Paul

Rwanda
Rwanda / Agriculture

A loan of $950 helped to buy fertilizers and support labor costs during maize production.


Paul's story

Paul is 48 years old. He is married to a farmer and they have six children all enrolled in school. He has been a maize farmer for 25 years. He would like a Kiva loan to buy fertilizers and support labor costs. The profits from the business will be used to help the poor neighboring area.

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: September 28, 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: September 28, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International