David is 35 years old and married with four children whose ages are between one month and ten years. Three of the children are currently attending school. He has been practicing mixed farming for the last ten years and sells his maize, milk, beans and vegetables to the local market. He mainly depends on the income from farming to take care of the basic needs of his family.
He has requested a loan of 30,000Kes through Juhudi Kilimo to start poultry farming. The extra income from this loan will enable him to afford a good life for his family. He says that his major challenge has been poultry diseases which lead to losses. There is no insurance to cover poultry at the moment. He hopes that in the next five years he will have expanded his poultry farm and be able to supply eggs to all the shops within his locality.
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.