A loan of $1,325 helped to buy more fertilizers for use during maize production.

Evariste's story

Evariste is 39 years old. He is married with four children. He would like to use a Kiva loan to buy fertilizers for use during maize production. He needs to buy more fertilizer in order to increase production. He wishes to invest the profits from his farming 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.

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