Funded

Total loan: $1,200
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Irene

Rwanda
Rwanda / Farming

A loan of $1,200 helped to buy fertilizers and seeds and to support labor costs.


Irene's story

Irene is married; she is a mother of six children aged between 5 and 14. She has been a rice farmer for seven years. She would like to get this loan to buy fertilizers and seeds and to support labor costs in order to get the best harvest. With the profits, she plans to expand the area she has been using in order to get more output and to rear cattle in the future.

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 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.



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