100%

funded

Total loan: $1,350

Liberathe

, , Rwanda / Agriculture

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A loan helped To buy more fertilizer for use during rice production.


Liberathe's story

Liberathe is 42 years old. She is married with six children, who are between 5 and 21 years old. With a Kiva loan, she would to buy more fertilizer for use during rice production. The profits from the harvest will be used to provide for her family's basic needs for a better future. 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.