100%

funded

Total loan: $9,125

Abahujumugambi Agric Sub Grp A Group

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, , Rwanda / Agriculture

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A loan helped to pay workers who weed Irish potatoes.


Abahujumugambi Agric Sub Grp A Group's story

Abahujumugambi Agric Sub Grp A is a group represented by Solange, who is 36 years old. He is married and has two children between the ages of 4 and 9. They both go to school. He is a farmer and has been growing Irish potatoes for the past 10 years, while his wife is a businesswoman. With the loan from Kiva, he would like to pay workers who weed Irish potatoes. The profits from the business will be used to pay school fees for his 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.