A loan of $1,425 helped to buy fertilizer and pay for labor costs during maize production.

Pierre Celestin's story

Pierre Celestin is 54 years old and is married to a farmer. They both have two children between 9 and 20 years old; they all go to school. Pierre Celestin has been a maize farmer for 20 years. He wants a Kiva loan to buy fertilizer and to pay for labor costs during maize production. The profits from his business will be used to pay school fees for his children.

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