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Moses
Moses is 28 years old. He is married with two children, ages 5 months and 4 years. He wants this Kiva loan to buy quality seeds and fertilizers and pay for labor costs during rice production. With the profits from his produce, he will buy a cow for providing milk for his family.

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.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

About Rwanda

  • $1,700
    Average annual income
  • 49
    View loans »
    Rwanda Loans Fundraising
  • $16,932,450
    Funds lent in using Kiva
  • 633.8
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Moses to buy quality seeds and fertilizers and pay for labor costs during rice production.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013