Alfred recently completed his first loan from Juhudi Kilimo for 30,000 KES, which he used to set up his poultry project. He has requested this loan from Juhudi for 40,000 KES to expand his poultry project. His biggest challenge in this business has been the fluctuation in the market price of their produce and the high cost of drugs and poultry feed. He believes that this loan will help him expand his project, hence increasing his overall produce, which will earn him more income and enable him to educate his children. In the future he hopes to set up a store that will be a major supplier of eggs in the area.
He says that he is "grateful to Juhudi for empowering him economically."
Important InformationTo 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.
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