100%

funded

Total loan: $6,850

Abisunganye Agric Group

Flag of Rwanda
, , Rwanda / Agriculture

Abisunganye Agric Group's loan finished fundraising,
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A loan helped to pay workers who harvest Irish potatoes for sale.


Abisunganye Agric Group's story

ABISUNGANYE AGRIC is a group represented by Jean Claude who is 45 years old. He is a farmer and he has been growing Irish potatoes for the past 25 years, while his wife is a businesswoman. With the loan from Kiva, he would like to pay workers who harvest Irish potatoes for sale. The profits from the business will be used to pay school fees for his 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.