100%

funded

Total loan: $1,600

Consolee

, , Rwanda / Agriculture

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A loan helped To pay workers who harvested maize.


Consolee's story

Consolee, age 59, is a maize farmer. She has planted and harvested maize for the past eight years. She and her husband, who is also a farmer, have raised six children who are now between the ages of 21 and 34 years old. Four of them are currently pursuing studies. With her loan from Kiva, Consolee would like to hire workers to help her harvest her maize. The profits from the business will be used to help pay the school fees of her children as well as to improve 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 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.