Total loan: $675
, , Rwanda / Agriculture
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Peruth's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy more cows for rearing.
Peruth is 49 years old. She is married and has six children, age 13 to 25 years. They all go to school. She is a farmer and she has been in business for the past six years. Also, her husband is a farmer. In the photo, she is the buyer who raises up her hand and the man is the seller. With the loan from Kiva, she would like to buy more cows for rearing. The profits from the business will be used to improve her welfare and to increase milk production. 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.