A loan of $1,975 helped to pay labor costs and buy fertilizer for his crops.

Christian's story

Christian is 29 years old, married and has one child. He is a maize farmer who is applying for a 1,322,803 RWF loan through UOB to pay labor costs and buy fertilizer for his crops. He plans to invest his farming profits in his farm so that in the future he can buy farm machinery and a tractor, which will help increase his yield.

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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Loan details