100%

funded

Total loan: $7,775

Dushyigikirane Agric Group

Flag of Rwanda
, , Rwanda / Agriculture

Dushyigikirane Agric Group's loan finished fundraising,
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A loan helped to buy more fertilizers used for growing rice.


Dushyigikirane Agric Group's story

Dushyigikirane Agric is a group represented by Gilbert, a 40-year-old father of six children, ages between 3-18 years. He is a farmer and has been growing rice for the past 20 years. Gilbert's wife is a businesswoman. With the loan from Kiva, he would like to buy more fertilizers used for rice-growing. The profits from his business will be used to pay school fees for his children and increase his savings.

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 Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.