100%

funded

Total loan: $6,225

Abahujumugambi Agric B Cb Group

Flag of Rwanda
, , Rwanda / Agriculture

Abahujumugambi Agric B Cb Group's loan finished fundraising,
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A loan helped to buy more fertilizers and Irish seed potatoes to plant.


Abahujumugambi Agric B Cb Group's story

Abahujumugambi Agric B CB is a group that is represented by Jaqueline. She is 42 years old and a mother of five children between the ages of 4 and 21. Jaqueline is a farmer who has been cultivating Irish potatoes for 21 years. With a loan from Kiva, she would like to buy more fertilizers and Irish seed potatoes to plant. With the profits from her business, Jaqueline will pay school fees for her children and lease a plot of land so that she can expand her farming business.

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 of the group members. However, the photo shows one member who is representing the group.