Funded

Total loan: $1,350
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Vestine

Rwanda
Rwanda / Farming

A loan of $1,350 helped to buy more fertilizers and seeds for use in potato production.


Vestine's story

Vestine is 30 years old. She is a potato grower and she has been running her farming for the past eight years. With the loan, she would like to buy more fertilizers and quality seeds for use in potato production. The profits from the potatoes will be used for reinvesting in the potato farm.

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:

8 months
Repayment schedule: At end of term
Disbursed date: August 20, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: August 20, 2013
Facilitated by Field Partner: Urwego Opportunity Bank, a partner of Opportunity International and HOPE International