Funded

Total loan: $1,075
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Marie Louise

Rwanda
Rwanda / Farming

A loan of $1,075 helped to buy more fertilizers and support labor costs during maize production.


Marie Louise's story

Marie Louise is 33 years old. Her husband works as a teacher at a primary school. They have seven children; five of them go to school. Marie Louise has been a maize farmer for 12 years. She wants a Kiva loan for fertilizers and seed multiplication, and to support labor costs. She plans to use the profits to pay school fees for the children. (The photo was taken at the meeting place; not at her farm.)

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:

11 months
Repayment schedule: At end of term
Disbursed date: September 28, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: At end of term
Disbursed date: September 28, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International