A loan helped a member to buy fertilizers and maize seeds for his maize farm.

Kufaco Agric Sub Group C's story

Kufaco Agric Sub Group C is a group represented by Theoneste, who is 37 years old and a father of four children aged between 3 and 12 years old.

He is a farmer and has been growing maize for the past thirteen years. With the loan from Kiva, he would like to buy fertilizers and maize seeds for his maize farm. With the profits from his sales, he hopes to be able to provide for the family and also provide school fees to his 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 (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 Theoneste, the group representative.

In this group: Ndagijimana, Yvette, Justin, Isaac, Musabyimana, Theoneste, Jean, Jean, Jean

This loan is special because:

It provides high-quality direct inputs for rural Rwandan farmers.

Loan details

Lenders and lending teams

Loan details