Francis is a farmer from Kitale town in western Kenya where he has been farming for six years now. His mixed farm produces milk, eggs and maize which are all sold at the local market. He earns additional income from his motorcycle transport business in the same region. He is age 36 and married with four children who all attend school.
Francis has made his third loan request through Juhudi Kilimo for 60,000 Kenyan shillings. He plans to use this loan to purchase additional stock of chicken and chicken feeds. The proceeds from the sale of eggs and chicken will help improve his family's livelihood. He faces the challenge of diseases which cause massive death of poultry and this has affected his production. He hopes that in the next five years, he will have increased his poultry to 500 and acquired at least three quality dairy cows.
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.