100%

funded

Total loan: $1,675

Adella

Flag of Rwanda
, , Rwanda / Agriculture

Adella's loan finished fundraising,
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A loan helped to pay workers who harvest maize.


Adella's story

Adella is 54 years old, married, has four children who attend school. She is a farmer and she has been growing maize for five years. Her husband is a businessman. Adella requested a loan, which she will use to pay workers who harvest maize. The profits from the business will be used to pay school fees for her children and to improve her welfare. 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 under served 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.