Beatrice : Rwanda

$0 of $900 raised.

Started raising funds on Jul 7, 2015

Beatrice is age 46 years. She is married and has four children between 10 and 21 years. They all go to school. She is a farmer and she has been in this business for the past seven years. Also, her husband is a farmer. With the loan from Kiva, she would like to buy more cows for rearing. The profits from the business will be used to increase her savings and to pay school fees of her children and to buy medical insurance. 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.