100%

funded

Total loan: $8,475

Abahujumugambi Agric Sub Grp B Group

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, , Rwanda / Agriculture

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A loan helped to pay workers who are harvesting Irish potatoes for sale.


Abahujumugambi Agric Sub Grp B Group's story

Abahujumugambi Agric Sub Grp B is a group represented by Marie Gorette who is 39 years old. She is married and has five children aged between 1 and 19 years. They all go to school. She is a farmer and has been growing Irish potatoes for the past 10 years, while her husband is a businessman. With the loan from Kiva, she would like to pay workers who are harvesting Irish potatoes for sale. The profits from the business will be used to pay school fees of her children and to pay 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.