A loan of $1,375 helped to buy more fertilizer and pay labor costs during maize production.


Phocas's story

Phocas is a 58-year-old farmer whose wife works as a farmer as well. He has spent 20 years in farming. He would like a Kiva loan to buy fertilizer and pay labor costs during maize production. He plans to use the profits to buy a tractor instead of using human labor. 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


Lenders and lending teams



Loan details