Total loan: $1,975
, , Rwanda / Agriculture
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A loan helped to buy fertilizers to grow maize.
Agnes, aged 48, is married and has 5 children aged between 6 and 18 years, all attending school. She is a farmer who has been growing maize for the past 7 years. Agnes' husband is also a farmer. With the loan from Kiva, she would like to buy fertilizers to grow maize. The profits from the business will be used to increase her welfare and to pay school fees for her 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 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.