100%

funded

Total loan: $8,125

Duhuzimbaraga Agric Cb Group

Flag of Rwanda
, , Rwanda / Agriculture

Duhuzimbaraga Agric Cb 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 Irish potato seeds.


Duhuzimbaraga Agric Cb Group's story

Duhuzimbaraga Agric Group is represented by Jean Pierre who is a 49-year-old father of eight children aged between 8 and 22 years old. He is a farmer and has been growing Irish potatoes for the past 22 years. With the loan from Kiva, he would like to buy more Irish potato seeds to help in the growing of Irish potatoes. The profits from his business will enable him to grow his farming business.

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 the 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 get a photograph of all the group members but was able to photograph one representative.