Total loan: $4,375

Kufaco Agric Sub Group B

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, , Rwanda / Agriculture

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

A loan helped to buy maize seeds.

Kufaco Agric Sub Group B's story

David is 61 years old and a father of five children, aged between 8 and 28 years old. He is a farmer and has been growing maize for the past ten years. He represents Kufaco Agric Sub Group B.

David would like to use his portion of this loan to buy more maize seed. He plans to use his profits to pay school fees for his children.

Agriculture 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 unable to photograph all group members. The photograph is of David, the group representative.