A loan of $975 helped to buy fertilizers and pay labor costs during rice production.


Jean Bosco's story

Jean Bosco is 37 years old. He is a father of four children. He has been a rice farmer for the past ten years. With the loan, he would like to buy fertilizers and pay labor costs during rice production. He plans to buy cows which will provide milk for the 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


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Loan details