100%

funded

Total loan: $1,250

Ingenzi Agric Group

Flag of Rwanda
, , Rwanda / Agriculture

Ingenzi Agric 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 coffee seeds.


Ingenzi Agric Group's story

Ingenzi Agric is a group represented by Faustin who is 56 years old and a father of six children aged between 15 and 35 years old.

Due to the global pandemic, Urwego was not able to photograph all the members, but was able to get a photo of Faustin as the representative for the group.

Faustin is a farmer who has been growing coffee for the past twelve years. With the loan from Kiva, he would like to buy more coffee seeds. With the profits from his business he hopes to increase in his savings .

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.