100%

funded

Total loan: $1,500

Twunganirane Muhinzi Group

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, , Rwanda / Agriculture

Twunganirane Muhinzi 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 buying seeds.


Twunganirane Muhinzi Group's story

Twunganirane Agric is represented by Chantal, a 40-year-old mother of four children between the ages of 5 and 11 years. She is a farmer and has been growing Irish potatoes for the past 8 years. With the loan from Kiva, she would like to buy more fertilizers and seeds for growing Irish potatoes. With the profits from her business she will buy livestock and also save.

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.