Total loan: $1,950
, , Rwanda / Agriculture
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Chantal's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy more fertilizers for maize.
Chantal is 28 years old. She is married with four children, aged between one and 10; two of them go to school. She has been farming for seven years. With the loan from Kiva, she would like to buy more fertilizers for maize. The profits from farming will be used to pay the school fees of her 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.