Check out some available loans that are similar to this one!
Clementine
Clementine has four children aged 7 to 21. She has been a maize farmer for 35 years.

Clementine is requesting a loan, which she will use to purchase fertilizers, seeds, and pesticides to grow her crop. She will use the loan to support labor costs and fertilizer during maize production. With profits from her farming, Clementine will 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.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) helps underserved Rwandans by providing its clients with the necessary credit and savings capabilities required for economic transformation. It offers credit products, including group and individual loans, as well as training in business development, financial literacy and health management. UOB loan products leverage social collateral since most group members have little to no collateral.

About Rwanda

  • $1,700
    Average annual income
  • 47
    View loans »
    Rwanda Loans Fundraising
  • $16,930,400
    Funds lent in using Kiva
  • 593.0
    Rwanda Francs (RWF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Clementine to purchase fertilizers, seeds, and pesticides.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012