A loan of $6,625 helped a member to buy more fertilizer and support labor costs during rice production.

Cooproriz Mirayi G5 Group's story

Vincent is 39 years old. He is married with four children and they all go to school. He would like to use the Kiva loan to buy fertilizer and support labor costs during rice production. He needs to buy fertilizer in order to increase his production. With profits from his farming he wishes to invest in his business so that in the future he can acquire machines and tractors that will enhance his 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: Vestine, Pascal, Nicodem, Esperence, Daniel, Geroline, Valens, Vincent, Jean Marie Vianney, Daphrose, Theodomile, Callixte, Vincent, Onesphore, Peruth, Innocent, Dative, Innocent, Samuel, Donathile, Tharcisse, Vincent, Fidele, Celestin, Marie Louise, Vincent, Anastasie, Isae, Bosco, Donathille, Jonas, Vestine, Valerie, Patrice, Alexis, Jean Bosco, Stone, Immaculee, Jeannette

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