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

Emmanuel's story

Emmanuel is 43 years old. He is married, with three children who all go to school. He has been in the rice growing for the past 27 years. With a Kiva loan, Emmanuel would like to buy more fertilizer for use during rice production. The profits from the harvest will be used to pay for his children's school fees.

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