A loan of $1,325 helped to buy fertilizer and to pay for labor costs for maize production.

Mathieu's story

Mathieu is 56 years old. He is married and has four children. He will use this Kiva loan to pay for labor costs and to buy fertilizer for maize production. He needs to buy fertilizer in order to increase his production. He wishes to invest the profits from his farming activities back into his business so that in the future he can acquire machines and tractors that will enhance his farming capacity.

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