100%

funded

Total loan: $7,800

Umugisha Agric Sub Grp A Group

Flag of Rwanda
, , Rwanda / Agriculture

Umugisha Agric 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 fertilizer and seeds to grow Irish potatoes.


Umugisha Agric Sub Grp A Group's story

Umugisha Agric Sub Grp A is represented by Jacqueline, a 44-year-old mother of five children between the ages of 7 and 20 years. She is a farmer and has been growing Irish potatoes for the past 20 years. With the loan from Kiva, she would like to buy more fertilizer and seeds to grow Irish potatoes. The profits from her business will be used to buy another piece of land.

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 under-served 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.