Joel (pictured above on a motorcycle) is aged 43 and married with four children, three of whom are still in school. He has been in farming for 13 years and employs one farmhand, producing milk and tea and selling both to the local market. He also runs a motocycle transport business, which provides additional income.
Joel has requested a loan of 20,000 Kenya shillings (KES) from Juhudi Kilimo to purchase poultry birds. He says the loan will help him improve his income and his family living standards. He is optimistic the poultry business will continue to grow and even boost his transport which he runs alongside farming and provide income to educate the three children still schooling.
He mentions poor weather conditions and inflation on farming as the major challenges to farmers in the area.
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.