100%

funded

Total loan: $1,975

Marceline

Flag of Rwanda
, , Rwanda / Agriculture

Marceline's loan finished fundraising,
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A loan helped to pay workers who harvested maize.


Marceline's story

Marceline is 46 years old. She is married with six children, aged between two and 20 years. Four of them go to school. Marceline is a farmer and she has been growing maize for the past 21 years. Her husband is also a farmer. With the loan from Kiva, she would like to pay workers who harvested her maize. With the profits from the business, she plans to pay her children's school fees and make some savings, as well. 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.