A loan of $1,100 helped to buy more fertilizers and support labor costs during rice production.

Thadee's story

Thadee is 46 years old. He has six children, and has been a rice farmer for the past six years. His wife also works as a farmer. With the loan, he wants to buy fertilizers and support labor costs during rice production. The profits from the business will be used to provide health insurance to 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.

Loan details

Lenders and lending teams

Loan details