A loan of $2,650 helped a member to buy more fertilizer and support labor costs during rice production.


Cocuriga Grp 3 Group's story

Angelique is 46 years old. She is married with four children. She is a group leader, and all group leaders grow rice on a big land.They were all dedicated to improving their lives after getting agriculture loans. She will use the Kiva loan to buy more fertilizer and support labor costs during rice production. They need to buy fertilizer in order to increase their production. With profits from her farming she wishes to invest in her business so that in the future she can acquire machines and tractors that will enhance her farming capacity. 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 Opportunity Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.

In this group: Angelique, Pierre, Anathole*, Musoni, Tharcisse, Eugenie, Augustin, Gilbert, Ildephonse, Valens, Patricie, Emmanuel, Jean Pierre, Theogene, Frederic, Marie Jeanne, Felicien, Bosco, Callixte*, Etienne, Leonard, Evariste, Paul, Eugenie, Frederick, Olive, Gaudence, Egide, Joselyne, Chantal, Jean De Dieu, Mediatrice, Emmanuel, Dative, Angelique, Jean De Dieu, Jean Claude, John, Francois, Marie Rose, Florien, Theophile, Theogene
*not pictured



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Loan details