Caleb is a farmer from the town of Kitale in western Kenya where he has been farming for 3 years. His mixed farm produces milk, maize, vegetables and bananas, which are all sold locally. He earns additional income from his bodaboda (bicycle) transport business. He is 28 years old, married and has 2 children, aged 5 months and 6 years.
Caleb has requested a loan of 40,000 KES through Juhudi Kilimo to purchase chickens and chicken feed. He believes that, by venturing into poultry farming, his income will increase and this will enable him to afford a quality life for his family. His main fear is the common poultry disease in the area, which results in huge losses when it strikes. However, he is optimistic that his poultry farm will expand in future and he will be able increase his production of eggs.
He comments that Juhudi does a good job for the farmers.
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.