Charles is a resident of Kisii Town in Western Kenya. He is married with ten children aged between twenty-four and twelve. He engages in mixed farming producing maize, sugarcane, bananas and milk which are all sold locally.
He has applied for this loan of 30,000 KES from Juhudi Kilimo to boost his animal trade.He hopes the loan will earn enough income to enable him to sell a variety of animals not just the cattle he has been selling. He really wants to uplift his family's standard of living through the income.
He also lacks enough capital to buy farm inputs like fertilizers.
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.