Total loan: $1,750

Agasharu Agric Coffee Group

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, , Rwanda / Agriculture

Agasharu Agric Coffee Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy fertilizers and also buy seeds to grow coffee.

Agasharu Agric Coffee Group's story

Agasharu Agric Coffee Group is a group represented by Jean who is 56 years old and a father of eleven children aged between 12 and 34 years old. He is a farmer and has been growing coffee for the past thirty years.

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

With the loan from Kiva, Jean would like to buy fertilizers for his coffee farm and also buy coffee seeds. The profits from his business he would like to put away in his savings account.

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.