A loan of $1,250 helped to buy fertilizer and pay labor costs during maize production.

Jean Bosco's story

Jean Bosco is 30 years old. He is a father of one child, aged four. He wants a loan for buying fertilizer and to support labor costs during maize production. The profits from the business will be used to buy a machine like a small tractor to cultivate a huge area.

The agriculture sector accounts for 37% of Rwanda's gross domestic product, generates 65% of Rwanda's export revenue, and employs 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

Lenders and lending teams

Loan details