Funded

Total loan: $1,250
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Perpetue

Rwanda
Rwanda / Farming

A loan of $1,250 helped to buy more fertilisers and pay for labor costs associated with their maize crop.


Perpetue's story

Perpetue is 29 years old. She is married to a farmer and they have been farming maize for 14 years. She has requested a Kiva loan to buy more fertilizers, and pay labor costs to care for their maize crops. The profits from farming will be used to buy a cow for providing milk.

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: March 26, 2013
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: March 26, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International