David has a mixed farm in Nkubu town in eastern Kenya that produces bananas, milk, coffee, tomatoes and passion fruits that are all sold locally. He has been in the farming business for eight years now.
He has requested for a loan of 30,000 KES through Juhudi Kilimo to start a poultry farm. This loan will enable him to buy chickens, chicken feed and also construct a poultry unit. The extra income from this loan will enable him to pay school fees for his children. His primary challenges in this business have been a lack of proper markets for his products, animal diseases and the high cost of animal feeds.
David is 33 years old and married with 2 children ages 2 and 9.
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.