Funded

Total loan: $1,425
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Innocent

Rwanda
Rwanda / Agriculture

A loan of $1,425 helped to buy fertilizers and support labor costs during maize production.


Innocent's story

Innocent is 53 years old. He is married to a farmer, and has six children who are between nine and 23 years old. All of them go to school. He has been a maize farmer for 20 years. He wants a Kiva loan to buy fertilizers and support labor costs. Paying school fees for his children is the main priority from the profits of the business.

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

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