Ayub is a farmer from Kitale town in western Kenya where he has been farming for the last sixteen years. His mixed farm produces maize, beans and sugarcane which he sells locally. He is also a pastor in the same region. Ayub is 43 years old and married with five school-aged children.
He recently repaid his previous loan of 30,000KES from Juhudi Kilimo and has requested this loan of 61,200KES to purchase and insure a dairy cow and keep poultry. He says the extra income from this loan will go towards the education of his children. His major challenge is poor prices for his products. In five years time, he hopes that his poultry farm will have expanded and that he will be the major supplier of eggs and poultry to the local market.
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.