Adding to basket
ABAHUJUMUGAMBI AGRIC is a group represented by Sara who is 68 years old. He is a farmer and he has been growing Irish potatoes for the past 20 years, while her husband is a businessman. With the loan from Kiva, he would like to pay workers who harvested Irish potatoes. The profits from the business will be used to pay school fees for 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 Opportunity Bank is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Rwandan farmers.
In this group: Generosa, Beatrice, Bernadette, Gaetan, Jean Claude, Venantie, Belancille, Sara, Marie Goretti
