Francis is aged 29 and is married with four children aged between nine and two years. He lives with his family in the town of Kitale, in Western Kenya. He has been practicing mixed farming for the last 12 years, and producing mainly horticultural products including maize, milk and eggs. They are all sold at the local market.
Francis has made a loan request of 40,000 KES (Kenyan shillings) through Kiva partner Juhudi Kilimo. This loan will help Francis to buy more poultry birds to expand his poultry business. He says an improved business will enable him to save part of his income to be able to venture into a transport business. He will also be able to cut down costs incurred in transporting his produce to the market.
He notes poor infrastructure and animal diseases as the farming challenges.
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.