A loan of $1,150 helped to buy more fertilizers and cover labor costs for maize production.

Francois's story

Francois is 55 years old. He is a father of six children, aged between 27 and 16. With the loan, he would like to buy more fertilizers and support labor costs during rice production. The profits from the business will be used to improve the living standards of 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