100%

funded

Total loan: $9,725

Muvumba Vi Group

, , Rwanda / Agriculture

Muvumba Vi Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to pay workers to weed rice.


Muvumba Vi Group's story

MUVUMBA VI is a group represented by Emmanuel who is 44 years old. Emmanuel is a farmer and has been growing rice for the past 4 years, while his wife is a businesswoman. With the loan from Kiva, he would like to pay workers to weed rice.

The profits from the business will be used to pay school fees for Emmanuel's children and to pay for 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.