A loan of $1,500 helped to pay for more seeds, seed multiplication, and labor costs.

Therese's story

Therese is married and has two children, ages 9 and 12. Her husband works as a farmer. She has been a maize farmer for ten years.

She wants the loan to buy more seeds, for seed multiplication (production of seeds for sale or future planting), and for support labor to get the best harvest. She wants to use the profits to build a house and pay school fees for her children.

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

Lenders and lending teams

Loan details