Total loan: $1,900


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, , Rwanda / Agriculture

Josiane'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.

Josiane's story

Josiane is 24 years old. She is married. She is a farmer and she has been producing rice for five years. Also her husband is a farmer. With the loan from Kiva, she would like to buy more fertilizer. The profits from the business will be used to increase her savings. 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.