Total loan: $1,925

Dukorere Agric Coffee Cb Group

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, , Rwanda / Agriculture

Dukorere Agric Coffee 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 seeds and fertilizers for coffee growing.

Dukorere Agric Coffee Cb Group's story

Theophile, who is 36 years old and a father of two children age 5 and 10 years old, represents Dukorere Agric Coffee Cb Group. He is a farmer and has been growing coffee for the past fifteen years. With the loan from Kiva, he would like to buy fertilizers for coffee growing and also buy coffee seeds. The profits from his business he hopes to increase 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.

Due to the global pandemic, Urwego was not able to photograph all the members. Theophile serves as the representative for the group photo.