Karia is a 42 year old man who has been running a farm near Kitale, Kenya, for the past ten years. He used to sell charcoal, but over time he became involved in the timber business and then finally settled on farming maize, tomatoes, and peas, which he sells at the local markets. He still works occasionally in the timber business when he is available, but that is only a minor source of income for him these days. He requested this loan from Juhudi Kilimo for Kes. 40,000 to start a poultry farming business.
Karia is married with four children, ages 5, 8, 14, and 18 years old, all of whom are currently enrolled in school. It is hoped that the extra income from this loan will increase the family's overall well being and assist in paying the children's school fees. He wants to provide a comfortable life for his family so they do not need to constantly worry about finances.
In the future, Karia wants to purchase a vehicle so he can easily transport farm produce to market. He is hopeful for the future, and said that so far Juhudi Kilimo has provided a beneficial relationship. He is eager to maintain in contact with the organization and hopes to provide additional feedback on his progress throughout the course of the loan.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.