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

Emmanuel's story

Emmanuel is 26 years old and is very energetic. For the past eight years, he has been working as a farmer and he is dedicated to his work and strongly determined.

Emmanuel is requesting a Kiva loan to buy fertilizer and pay labor costs during his maize production. He plans to use the profits from his loan to buy a tractor instead of relying on 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