Funded

Total loan: $1,425
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Vincent

Rwanda
Rwanda / Farming

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


Vincent's story

Vincent is aged 48. He is married to a farmer, and they have been farming maize for 20 years. He has requested a Kiva loan to buy more fertilizers, and to pay labor costs, for getting enough maize yield. The profits from the farming will be used to buy more land for use in farming.

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:

9 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:

9 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