Total loan: $7,425

Abahujumugambi Agric Sub Grp B Group

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, , Rwanda / Agriculture

Abahujumugambi Agric Sub Grp 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 fertilizers for Irish potato growing and also more Irish potato seeds.

Abahujumugambi Agric Sub Grp B Group's story

ABAHUJUMUGAMBI AGRIC SUB GRP B is a group represented by Jaqueline, a 41-year-old mother of five children between the ages of 2 and 20 years. She is a farmer and has been growing Irish potatoes for the past 15 years. With the loan from Kiva, she would like to buy more fertilizers for Irish potato growing and also buy more Irish potato seeds. The profits from her business will be used to pay school fees for her children and also provide for the family.

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 was able to get one representative for the group photo.