Funded

Total loan: $1,225
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Agnes

Rwanda
Rwanda / Farming

A loan of $1,225 helped to buy more fertilizer and to support labor costs during maize production.


Agnes's story

Agnes is 39 years old. She is married to a farmer and they have been farming maize for 15 years. She has requested a Kiva loan to buy more fertilizer and to pay labor costs for getting enough maize returns. The profits from the farming will be used to buy more cattle.

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 under-served 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