Funded

Total loan: $1,275
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Florence

Rwanda
Rwanda / Farming

A loan of $1,275 helped to buy more fertilizer for use in growing rice.


Florence's story

Florence is the mother of two children, aged between three and five. She has been in the business of growing rice for the past ten years. She has requested a loan to buy more fertilizer for use in rice production.

With the profits from the produce, she plans to build a house.

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 agricultural activities as a high-risk proposition because the profitability of these activities is so 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 it is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: August 14, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: At end of term
Disbursed date: August 14, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International