100%

funded

Total loan: $1,975

Theodette

Flag of Rwanda
, , Rwanda / Agriculture

Theodette's loan finished fundraising,
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A loan helped to pay workers to harvest her maize crop.


Theodette's story

Theodette is 46 years old. She is married with seven children between the ages of 4 and 24. Five of her children go to school. She is a farmer and has been growing maize for 29 years. Her husband is a farmer as well. With this loan from Kiva, she would like to pay workers who harvest maize. With the profits from the business, she plans to buy medical insurance and pay her children's school fees. 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.