Edwin is 29 years old and married, with one three year-old child who attends school. He is a farmer from Kitale town in western Kenya. He has been in the farming business for 8 years and employs two farmhands. He sells his produce of milk, maize and chickens at a local market. He depends on the income from his farm for the basic needs of his family.
Edwin has made a loan request of 30,000 Kes through Juhudi Kilimo to expand his poultry farm by purchasing additional stock of chickens and chicken feed. The proceeds from this loan will enable him to build a decent house for his family and improve their living standard. He faces the challenge of poultry diseases, fluctuating market prices for farm produce, and lack of enough feed for his poultry and dairy cows. He hopes to have expanded his farming activities in the next 5 years.
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.