Alphonce is a 60-year-old married man living in western Kenya, near the town of Kitale. He has eleven children, ranging in age from 16 to 35 years old, with four of them currently attending school. He is also helping support two of his young grandchildren who attend school.
Alphonce has been running his mixed farm for over ten years now, and primarily sells maize and beans to local brokers. He also earns supplementary income from owning a tailoring shop in his town. Overall, he says that lately the main challenge to his business is low market prices for his produce, which makes life difficult with the high input costs he faces.
Alphonce has a successful history with Juhudi Kilimo, previously completing two loans of Kes 20,000 and Kes 40,000. He has now requested this loan of Kes 80,000 to expand his poultry farming operations and to purchase a dairy animal. He says that the extra income from this loan will help his family meet their basic needs without much struggle, and allow the children to get the best education.
Alphonce has plans for expansion in the next five to ten years, and he recognizes the gains he has made since having access to capital in recent years. He now sees himself becoming a big supplier of milk and poultry products to the neighboring areas and to the Kenya Cooperative of Creameries in the future.
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.