100%

funded

Total loan: $6,425

Twiyubake Agric Group

, , Rwanda / Agriculture

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A loan helped to buy more fertilizers used for growing Irish potatoes.


Twiyubake Agric Group's story

TWIYUBAKE Agric 2 is a group represented by Julienne, a 31-year-old father of two children between the ages of 3 and 11 years. He is a farmer and has been growing Irish potatoes for the past 13 years. Julienne's wife is a businesswoman. With the loan from Kiva, he would like to buy more fertilizers used for growing Irish potatoes. The profits from his business will be used to pay school fees for his children and to buy a piece of land.

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.