100%

funded

Total loan: $8,850

Abanyamurava Agric Sub Grp A Group

, , Rwanda / Agriculture

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A loan helped to pay workers for weeding the Irish potatoes he grows for sale.


Abanyamurava Agric Sub Grp A Group's story

Abanyamurava Agric Sub Grp A is a group represented by Peninah who is 25 years old. She is married and has one child who is 3 years old and goes to school. She is a farmer and she has been growing maize for the past 4 years, while her husband is a businessman. With the loan from Kiva, she would like to pay workers who will weed the Irish potatoes he grows for sale. The profits from the business will be used to pay school fees for her child 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 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.