Funded

Total loan: $1,275
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Clementine

Rwanda
Rwanda / Farming

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


Clementine's story

Clementine is 32 years old. She has three children aged between six and twelve years. They all attend school.

She has spent 15 years in this business. With this loan she wants to buy more fertilizers and support labor costs during maize production. The profits from the business will be used to buy a tractor.

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:

9 months
Repayment schedule: At end of term
Disbursed date: November 7, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: November 7, 2012
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International