Total loan: $6,150

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 is a group represented by Jeannine, a 36-year-old mother of four children between the ages of 10 and 18 years. She is a farmer and has been growing Irish potatoes for the past 20 years. Jeannine' husband is a businessman. With the loan from Kiva, she would like to buy more fertilizers used for growing Irish potatoes. The profits from her business will be used to pay school fees for her children.

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.