Today, get an extra $25 to lend when you make your first Kiva loan.
Total loan: $1,550
, , Rwanda / Agriculture
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Beyatta's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy more fertilizer for rice production.
Beyatta, aged 36 years, is married with 5 children aged between 2 and 13. 3 of them go to school. She has been farming for 16 years. With the loan from Kiva, she would like to buy more fertilizer for rice production. The profit from the business will be used to pay workers through preparing her land for farming activities. 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.