Funded

Total loan: $1,050
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Jean Baptiste

Rwanda
Rwanda / Farming

A loan of $1,050 helped to buy quality seeds and fertilizers and to pay for labor costs during rice production.


Jean Baptiste's story

Jean Baptiste is 23 years old and single. He has spent five years in rice farming.

With the loan from Kiva, Jean Baptiste wants to buy quality seeds and fertilizers and pay for labor costs during rice production. The profits from the business will be used to expand his plot for rice growing.

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

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: February 20, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: February 20, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International