A loan of $1,425 helped to purchase fertilizers and support labor costs in maize production.

Eugenie's story

Eugenie is 58 years old and widowed. She has been a maize farmer for 16 years.

Eugenie is requesting a loan, which she will use to support labor costs and to purchase fertilizer in order to increase her production. With the profits, she will invest in her business so that in the future she can acquire farm machinery that will enhance her farming capacity.

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. Therefore, 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

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Loan details