A loan helped to buy more fertilizers and support labor costs during rice production.


Theodette's story

Theodette is 29 years old, she is married and has two children aged between 3 and 5, one of whom goes to school. She has been farming for nine years. She will use this Kiva loan to support labor costs and to buy fertilizer during rice production; they need to buy fertilizers in order to increase their production. With profits from her farming she wishes to invest in her business so that in the future she can acquire machines and tractors that will enhance her farming capacity.

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.
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Loan details