Total loan: $1,975
, , Rwanda / Agriculture
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Beatrice's loan finished fundraising,
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A loan helped To buy more fertilizer for potatoes.
Beatrice is 41 years old; she is married with two children between the ages of 10 and 16; two of them go to school. She has been farming for 21 years. With the loan from Kiva, she would like to buy more fertilizer for potatoes. The profits from the business will be used to improve her standard of living. 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.