100%

funded

Total loan: $8,625

Abanyamurava Agric B Group

Flag of Rwanda
, , Rwanda / Agriculture

Abanyamurava Agric 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 fertilizer and Irish potato seeds.


Abanyamurava Agric B Group's story

Abanyamurava Agric B is a loan group that is represented by Chantal, a 37-year-old mother of four children between the ages of three months and 15 years. Due to the global pandemic, Urwego was not able to photograph all group members, but was able to get one representative for the group photo.

Chantal is a farmer who has been growing Irish potatoes for the past five years. 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 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.

Chantal is requesting a loan from Kiva to buy more fertilizer to grow Irish potatoes and more potato seeds. She will use the profit from her loan to buy more assets. Chantal is thankful for your support,