Today, get an extra $25 to lend when you make your first Kiva loan.
Total loan: $1,750
, , Rwanda / Agriculture
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Innocent's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to pay workers who harvested maize.
Innocent is 50 years old. He is married with eight children, aged between 4 and 22. They all go to school. Innocent is a farmer and he has been growing maize for 19 years. With the loan from Kiva, he would like to pay workers who harvested maize. With the profits from the business, he plans to pay school fees for his 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.