A loan of $1,275 helped to buy fertilizer and support labor costs during maize production.

Appolinarie's story

Appolinarie is married to a farmer. They have four children. She has been a maize farmer for the past 30 years. She would like to get a Kiva loan to upgrade her farming, through buying fertilizer and supporting labor costs during the period of maize production. The profits from the business will be used to reinvest in the same business of maize production for further sustainability.

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

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Loan details