Funded

Total loan: $1,775
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Cooproriz Isabane Gp5 Group

Rwanda
Rwanda / Farming

A loan of $1,775 helped a member to buy fertilizer and support labor costs during rice production.


Cooproriz Isabane Gp5 Group's story

Clementine is a member of Cooproriz Isabane Gp5 Group. She is married, with two children. She will use her Kiva loan to support labor costs and buy fertilizer during rice production. She needs to buy fertilizer in order to increase her production. With profits from her farming, she wishes to invest in her business, so that, in the future, she can acquire machines and tractors that will enhance her 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.

In this group: Claudien*, Xavier, Clementine, Jeannette, Febronie, Helene, Charles*, Elie, Claude, Belancille, Joseph, Jean Baptiste, Thomas, Marie Leatitia, Dominic*, Ernestine, Ferukura, Obed*, Peres, Claudine, Elyse*, Marceline, Elina*, Jean Bosco, Eulade, Assoumpta, Dina*, Angeline, Sophie, Jean De Dieu*, Anastase, Celestin, Jean Bosco, Jean Bosco*, Annonciate, Daphrose, Theoneste, Eric*, Angelique, Joas, Vincent, Alexis, Samuel, Isidole, Ignace, Gilbert, Clementine, Antonia, Domithile, Josue
*not pictured



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: March 7, 2014
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: March 7, 2014
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International