Total loan: $9,750
Jyambere Muhinzi Butaro Agric Group
, , Rwanda / Agriculture
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Jyambere Muhinzi Butaro Agric Group's loan finished fundraising,
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A loan helped to buy more fertilizers and seedlings for growing Irish potatoes.
Jyambere Muhinzi Butaro Agric Group's story
The group Jyambere Muhinzi Butaro Agric is represented by Jean Damascene has 40-year-old father with four children between the ages of 1 and 18. He is a farmer who has been cultivating Irish potatoes for the past 25 years. With a loan from Kiva, he will be able to buy more fertilizers and seedlings for growing Irish potatoes. The profits from his business will allow him to grow his farming venture. The agriculture sector accounts for 37% of Rwanda's gross domestic product, which 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.