Total loan: $1,150
, , Rwanda / Agriculture
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A loan helped To buy more fertilizers and support labor costs during maize production.
Marie Therese's story
Marie Therese is 35 years old. She is married to a farmer, and they have been farming maize for 20 years. She has requested a Kiva loan to buy more fertilizers, and to pay labor costs, for getting enough maize yield. The profits from the farming will be used to expand their maize farm. Behind in the picture, other cooperative members are looking for her. 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.