John has been operating his mixed farm in the town of Nkubu, eastern Kenya for the last two years. His main products are bananas and coffee, which he sells through the coffee factory and at the local market. He also earns income from his motorbike business and masonry business.
John has requested this loan from Juhudi Kilimo of 50,000 Kenyan Shillings to start a poultry project. He intends to purchase both layers and the local breed of poultry. He says that the extra income from this loan will enable him to take his children to better schools and to build a decent home. He faces the challenges of pests and diseases, poor prices for his products and insufficient water for farming.
John is 33 years old. He is a married father of two children, ages 3 and 5. One of the children attends school.
In the future, he hopes to start a hardware shop business and buy an extra motorbike. He is happy about Juhudi's fast processing of loans and training for clients.
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.