Funded

Total loan: $850
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Solange

Rwanda
Rwanda / Agriculture

A loan of $850 helped to cover labor costs during rice production.


Solange's story

Solange is a Rwandan rice farmer who is married with six children. She has been a farmer for the past 10 years, and she learned rice farming from a formal training program.

She will use her Kiva loan to cover labor costs during rice production: nursery, transplanting, field management, guarding against birds, and finally in harvesting activities.

With profits from her farming she wishes to invest in her business so that in the future she can acquire machines and tractors that will enhance her farming capacity.

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.



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: July 21, 2011
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: July 21, 2011
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International