Total loan: $1,475


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, , Rwanda / Agriculture

Emerthe's loan finished fundraising,
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A loan helped To buy more fertilizer and support labor costs during rice production.

Emerthe's story

Emerthe is 35 years old. She is married to a farmer and they have five children. She would like to use a Kiva loan to support labor costs and buy fertilizer during rice production. She needs to buy fertilizer in order to increase the farm's production. She wishes to invest the resulting farming profits in her business, so that in the future she can acquire machines and tractors that will enhance her farming capacity. 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.