Total loan: $4,600

Cocuriru Agric Sub B Group

Flag of Rwanda
, , Rwanda / Agriculture

Cocuriru Agric Sub B 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 rice seeds.

Cocuriru Agric Sub B Group's story

Cocuriru Agric Sub B Group is a group represented by Jean, a 35-year-old father of two children between the ages of 8 and 11 years. He is a farmer and has been growing rice the past 11 years.

With the loan from Kiva, he would like to buy more rice seeds. The profits from his business will be used to invest in expanding in his rice farm and paying the school fees for his 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.

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