A loan of $1,225 helped to purchase fertilizer and pay for labor costs.

Emmanuel's story

Emmanuel is 29 years old, married, and has four children, who attend school. He is requesting a loan, which he will use to purchase fertilizer and pay for labor costs during maize production. He needs to buy fertilizer in order to increase his production. With profits from his farming, Emmanuel wishes to invest in his business so that in the future he can acquire machines and tractors that will enhance his farming capacity.

This loan is part of Urwego Opportunity Bank's program targeting farmers who are members of cooperatives. The loan goes to the cooperative's leader (pictured) on the group's behalf, and all borrowers benefiting from this loan receive financing, as well as seed and fertilizer from the Rwandan government. The loan is also covered by insurance in case of crop failure.

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