A loan of $750 helped to buy more fertilizers and cover labor costs in the production of maize.

Odette's story

Odette is age 59. She is married and has two children. She has been a farmer for the past 30 years. She will use this Kiva loan to cover labor costs and fertilizer for maize production. She needs to buy fertilizers in order to increase her production. She wishes to invest profits from her farming in her business so that she can acquire machines like tractors in the future that will enhance her farming capacity. The photo, taken recently at another maize farming plantation, shows that the last season went well.

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