100%

funded

Total loan: $8,000

Twigirebahinzi Agric Group

, , Rwanda / Agriculture

Twigirebahinzi 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 also to buy more Irish potato seeds.


Twigirebahinzi Agric Group's story

Twigirebahinzi Agric is a group represented by Claudine, a 36-year-old mother of five children between the ages of 6 and 18 years. She is a farmer and has been growing Irish potatoes for the past 20 years. With the loan from Kiva, she would like to buy more fertilizers for growing Irish potatoes and also to buy more Irish potato seeds. The profits from her business will be used to buy livestock.

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.