Total loan: $1,850
, , Rwanda / Agriculture
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Jeannete's loan finished fundraising,
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A loan helped To pay workers who harvested maize.
Jeannete is aged 38 years. She is married with 3 children aged between 8 and 14 years. They all go to school. She is a farmer and she has been growing maize for the past 8 years. Also her husband is a farmer. With the loan from Kiva, she would like to pay workers who harvested maize. The profits from the business will be used to improve her welfare and pay the school fees of 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 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.