100%

funded

Total loan: $4,225

Tuzamurane Butaro Agric Sub Grp A Group

Flag of Rwanda
, , Rwanda / Agriculture

Tuzamurane Butaro Agric Sub Grp A Group's loan finished fundraising,
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A loan helped to buy more fertilizer and seeds to grow Irish potatoes.


Tuzamurane Butaro Agric Sub Grp A Group's story

Tuzamurane Butaro Agric Sub Grp A, which translates in English as "let's develop ourselves," is a group represented by Saratiere, a 52-year-old father of two children aged between 12 and 15. He is a farmer and has been growing Irish potatoes for the past 30 years.

With this loan from Kiva, he would like to buy more fertilizer and seeds to grow Irish potatoes. The profits from his business will be used in providing school fees for his children.

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.