Total loan: $4,925

Cocuriru Sub Grp A Group

Flag of Rwanda
, , Rwanda / Agriculture

Cocuriru Sub Grp A 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 and seeds to grow his rice.

Cocuriru Sub Grp A Group's story

Cocuriru Sub-Group A is a group represented by Jean, a 45-year-old father of three children between the ages of 5 and 14 years old. He is a farmer and has been growing rice for the past 12 years.

With this loan from Kiva, Jean would like to buy more fertilizers and seeds to grow his rice. The profits from his business will be used to expand his business and renovate his house.

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.

Due to the global pandemic Urwego Bank was not able to photograph all the group members, but one representative stood in for the group photo.