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

Boniface's story

Boniface is 40 years old. He is married to a farmer and they have both seven children. Five 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. The profits from the business will be used to pay school fees for the 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 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

Lenders and lending teams

Loan details