A loan of $1,050 helped to pay for labor costs.


Venerande's story

Venerande is 53 years old. She is married and has five children between 14 and 30 years old. All of her children attend school. She has been a rice farmer for eight years and her husband works as a farmer. She has requested a Kiva loan to use to pay for labor costs. She plans to use the profits to pay her children's school fees and to buy medical insurance.

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


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Loan details