A loan of $750 helped to buy fertilizers, seeds and pesticides.

Venantie's story

Venantie has 2 children. She has been a maize farmer for 14 years. She would like a loan to purchase fertilizers, seeds and pesticides.

She will use the Kiva loan to support labor and fertilizer costs during maize production: they need fertilizers to increase production.

With the profits from her farming she wants 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 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.

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Loan details