David is aged 33 and married with six children aged between 14 and one year. He is a resident and a farmer in Kitale, western Kenya, where he lives with his family. He has been in farming for over six years, producing maize and beans for the local market. He also operates a taxi business within the area for additional income besides that of farming.
David has requested a fourth loan of 90,000 KES with Juhudi Kilimo to help him purchase poultry birds for 30,000 KES and use the remaining 60,000 KES to put up a greenhouse for growing tomatoes. He says Juhudi Kilimo loans have been of great help providing income that enables him to educate his children. He aspires to be a dairy breeder in future.
He however laments poor prices for farming output, considering high input costs.
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.