A loan of $1,125 helped to purchase additional fertilizer and to cover labor costs.

Vincent's story

Vincent is 37 years old. He is the father of three children.

To earn a living, he works as a rice farmer.

With the requested loan proceeds, he would like to buy more fertilizer and to pay for labor costs. With the profits he expects to generate from the business as a result of the loan, he plans on improving his family's standard of living.

As of 2009, the agriculture sector accounted for 37% of Rwanda's gross domestic product, generated 65% of Rwanda's export revenue, and employed approximately 90% of Rwandans. 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