Funded

Total loan: $1,400
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Pascal

Rwanda
Rwanda / Agriculture

A loan of $1,400 helped to buy more fertilizers to use in maize production.


Pascal's story

Pascal is 36 years-old. He is married with four children aged between 8 and 16. All of his children attend schools. He has been a maize farmer for the past 15 years. His wife works with him in the maize plantation.

Pascal is requesting a Kiva loan in order to buy fertilizers to use in the maize production to increase output. With the profits from the business, he will buy cows to provide milk to the family.He shows his previous maize yields in the photo.

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:

5 months
Repayment schedule: At end of term
Disbursed date: March 26, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

5 months
Repayment schedule: At end of term
Disbursed date: March 26, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International