Funded

Total loan: $1,375
Powered by 36 lenders

Celestin

Rwanda
Rwanda / Farming

A loan of $1,375 helped to buy more fertilizer and quality seed, for use during the production of potatoes.


Celestin's story

Celestin is 47 years old. He is married and has been blessed with seven children. His wife works as a farmer. He has requested the loan, which he will use to buy more fertilizer and quality seed, for use during the production of potatoes. The profits from the produce will be used to reinvest, for better output in the future.

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 under-served 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

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: August 20, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: August 20, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International