Funded

Total loan: $1,025
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Donathe

Rwanda
Rwanda / Agriculture

A loan of $1,025 helped to buy more fertilizers and seeds and to support labor support costs.


Donathe's story

Donathe is a widow who has been a rice farmer for nine years. She would like to obtain a Kiva loan in order to buy fertilizers and seeds and to support labor costs so as to ensure the best possible harvest. She has no children as yet.

With the profits, she plans to expand the land area she has been using, allowing her to achieve a greater output.

The agriculture sector accounts for 37 percent of Rwanda's gross domestic product, generates 65 percent of Rwanda's export revenue, and employs approximately 90 percent 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:

9 months
Repayment schedule: At end of term
Disbursed date: February 20, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: February 20, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International