100%

funded

Total loan: $9,625

Jyambere Muhinzi Butaro Agric Group

, , Rwanda / Agriculture

Jyambere Muhinzi Butaro Agric Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy more fertilizers for growing Irish potatoes and for Irish potato seeds.


Jyambere Muhinzi Butaro Agric Group's story

Jyambere Muhinzi Butaro Agric is represented by Leonard, a 48-year-old father of two children aged between 12 and 18 years. He is a farmer and has been growing Irish potatoes for the past 15 years. With the loan from Kiva, he would like to buy more fertilizers for growing Irish potatoes and for Irish potato seeds. The profits from his business will enable him to pay school fees for the 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 Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.