A loan of $1,850 helped to pay for warehouse/storage construction for maize products.

Theogene's story

Theogene is 36 years old. He has requested a Kiva loan to pay for warehouse construction. This is a new loan product for UOB. This loan will help in the construction of a warehouse or storage area for the maize products that are waiting for their harvest to be bought by the buyers. This constructed infrastructure will help the entire community to have secure storage of their products in the future.

UOB’s farmer clients are benefiting from the production financing which is significantly protecting their yield or production, because during the post-harvest processes farmers suffer poorness as they have to wait for the buyer to pay them. This Kiva Loan will play a big role as a bridge for solving their primary day to day needs during the period.

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