William is a farmer in the Kitale area of Western Kenya where he also works as a non-teaching staff member in a nearby school. He has been in farming for over 10 years and is currently employing two farmhands and producing milk and eggs which are sold to the local market. He is married with four children with the last two still schooling.
William has made a loan request of 40,000 KES from Juhudi Kilimo to buy more birds for his poultry business.He says the additional birds will make him gain economies of scale in the business due to capacity and in turn adequately provide for the family in terms of the children's education and food. He also says he wants to expand his farm to accommodate more dairy animals.
He however points to high treatment costs for the animals due to common outbreaks of disease as the main challenge to the farming business, especially the dairy one.
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.