A loan of $1,375 helped to buy more fertilizers for use during rice production.

Faustin's story

Faustin is 30 years old. He is single and has been growing rice as his career for the past 14 years. With a Kiva loan, he would like to buy more fertilizers for use in the rice production. The profits from the produce will be used to buy more items that are essential for use at his home.

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