Total loan: $8,575

Kufaco Agric Sub Group D

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, , Rwanda / Agriculture

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

A loan helped to buy fertilizers for his maize farming and also maize seeds.

Kufaco Agric Sub Group D's story

Kufaco Agric Sub Group D is a group represented by Evariste, who is 35 years old and a father of two children aged two and seven years. He is a farmer and has been growing maize for the past eight years. With the loan from Kiva, he would like to buy fertilizers for his maize farming and also maize seeds. With the profits from his sales, he hopes to be able to provide for the family and also pay school fees for the 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. (These percentages are 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 get a photograph of all the group members. The photograph is of Evariste, the group representative