A loan of $1,325 helped to buy more fertilizers and pay labor costs during his maize production.

Augustin's story

Augustin is 30 years old. He has been in this business for the past six years. He would like to use his Kiva loan to pay labor costs and buy fertilizers during his maize production. He needs to buy fertilizer in order to increase his production. With the profits from his farming, he wants to invest in 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

Lenders and lending teams

Loan details