100%

funded

Total loan: $1,850

Chathalen

Flag of Rwanda
, , Rwanda / Agriculture

Chathalen's loan finished fundraising,
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A loan helped To pay wokers who harvested maize.


Chathalen's story

Chathalen, age 39, is married and has five children between 6 and 19 years. They all go to school. She is a farmer and she has been growing maize for the past eight 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 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.