Patrick is 32 years old and single. He is a dedicated farmer in Eastern Kenya near Nkubu town. He has been farming for the last 13 years and has two employees. He sells his maize, milk, and beans to the local market. He also earns some income from a quarry business (balast) and a kiosk in the same area.
He requested this loan from Juhudi Kilimo for Kshs.70,000 after he had completed his first loan for Kshs.45,000. He will use this new loan to buy chickens (45,000 Kshs.) to start a poultry project, and a dairy goat (for 25,000 Kshs.). His main challenge is the high competition in the market and the fluctuating prices. In the future, he intends to buy a lorry that will help transportation of his produce and for his quarry business. With the added income he hopes to earn from this loan, he hopes to build a decent home for his parents.
He added that "Juhudi Kilimo is a very effective and friendly financial institution."
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.