A loan of $7,800 helped a member to buy more fertilizers and support labor costs during rice production.


Coproriz Mirayi G6 Group's story

Jean Nepomuscene is 41 years old. He would like to use the Kiva loan to buy fertilizers and support labor costs during rice production. He needs to buy fertilizer in order to increase their production. With profits from his farming business, he wishes to invest in his business so that in the future he can acquire machines and tractors that will enhance his farming capacity. Jean Nepomuscene holds a paper, as a sign of differentiating him from other group members. In the picture, the lady with a yellow cloth has came up with his three sons and they posed a photo with the whole group. Those three sons are on standing on the last row from the right.

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 under-served 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: Cyprien, Joseph, Celestin, Cecile, Jean Paul, Faustin, Joseph, Innocent, Viateur, Denis, Vesuste, Francois, Cancilde, Celestin, Alexis, Jean Bosco, Antoine, Felicien, Celestin, Augustin, Jean Nepomuscene, Raphael, Jean De Dieu, Marcelline, Pascasie, Innocent, Alvera, Marie Grace, Jean De Dieu, Kantengwa, Vianney, Patricie, Jean Damascene, Thacienne, Jean Marie Vianney
*not pictured



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