A loan of $1,000 helped to buy fertilizers and to support labor costs during maize production.

Lucie's story

Lucie is 48 years old. She is married to a farmer and they have six children. She has been a maize farmer for 19 years. She will use the Kiva loan to support labor costs and to purchase fertilizer during maize production. She needs to buy fertilizer in order to increase her production. With profits from her farming, she wishes to invest in her business. In the future, she can acquire machines like tractors that will enhance her farming capacity.

The photo taken was at the previous maize ground, where the borrower will still produce maize for this new season. 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