Funded

Total loan: $475
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Solange

Rwanda
Rwanda / Farming

A loan of $475 helped to cover labor costs for her rice production.


Solange's story

Solange is married and has six children aged 16 and 26 years old. She has a pair of twins as her last borns. She has been a rice farmer for 11 years. She has requested a Kiva loan to use her in seedling beds and too pay labor costs. She plans to use the profits for paying school fees for the children and to pay for medical insurance. She is very thankful for the previous loan, which helped her.

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

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: July 23, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: July 23, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International