100%

funded

Total loan: $6,100

Abanyamurava Agric B Group

Flag of Rwanda
, , Rwanda / Agriculture

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


A loan helped she would like to buy more seeds and fertilizers for Irish potatoes.


Abanyamurava Agric B Group's story

ABANYAMURAVA AGRIC B is a group represented by Francoise, who is a 40 years old and a mother of five children aged between 5 and 21 years old. She is a farmer who has been growing Irish potatoes for the past eighteen years. With the loan from Kiva, she would like to buy more seeds and fertilizers Irish potatoes. She hopes the profit she will get from her sales will enable her to buy more land to expand her Irish potatoes 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 the members, but was able to get one representative for the group photo.