Total loan: $1,425
, , Rwanda / Agriculture
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Assiya's loan finished fundraising,
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A loan helped to buy fertilizers and support labor costs during maize production.
Assiya is 37 years old. She is married to a businessman. She has 5 children, aged between 6 and 20. All of her children are enrolled in schools. She has been a maize farmer for 4 years. She wants a Kiva loan to buy fertilizers and support labor costs. With the profits, she wants to pay school fees for the children. 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.