100%

funded

Total loan: $9,400

Tuzamurane Butaro Agric Group

Flag of Rwanda
, , Rwanda / Agriculture

Tuzamurane 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 and seeds to grow Irish potatoes.


Tuzamurane Butaro Agric Group's story

TUZAMURANE BUTARO AGRIC, which translates in English as "Let's develop ourselves", is a group represented by Jean Baptiste, a 35-year-old father of four children aged between the ages of 2 and 13. He is a farmer and has been growing Irish potatoes for the past 15 years.

With this loan from Kiva, Jean Baptiste would like to buy more fertilizers and seeds to grow Irish potatoes. The profits from his business will be used in providing 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 was not able to photograph all the members but Urwego was able to get one representative for the group photo.