A loan of $1,425 helped to buy more fertilizer and pay labor costs for maize production.

Eavariste's story

Evariste is 33 years old. He and his wife have been maize farmers for the last eight years. He has requested a Kiva loan to buy more fertilizers and pay the cost of hiring people to help him with his crop. With the profits from farming, he plans to buy more land so that he can expand his maize plantation

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

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Loan details