Funded

Total loan: $825
Powered by 29 lenders

Jean Baptiste

Rwanda
Rwanda / Agriculture

A loan of $825 helped to pay labor costs and buy fertilizer for his corn farm.


Jean Baptiste's story

Jean Baptiste is 58 years old. He is married with six children. He has spent 20 years maize farming. He will use this Kiva loan to pay labor costs and buy fertilizer for his maize farm, he needs to buy fertilizer in order to increase production. With profits from his farm he 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 such as quality seeds 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

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: September 3, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: September 3, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International