A loan of $1,825 helped to pay for the construction of the warehouse for maize produce.

Floduard's story

Floduard is 30 years old. This loan will help in the construction of the warehouse for their maize that is waiting to be sold. This construction will help the entire farmers to have a secure store for their produce in the future. UOB’s farmer clients are benefiting from the production financing which is significantly increasing their yield or production, during the post-harvest processes are more suffering poorness as they have to wait the buyer to pay them.

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