Nelson has been in farming for 15 years in his hometown of Kitale, Western Kenya producing and selling maize and vegetables. He is married with five children who ages are between 17 and 6 years old. He carries out a cereals retail business in the local market for additional income. He is aged 46.
Nelson has requested a loan of 80,000 KES from Juhudi Kilimo. This is his third loan request with Juhudi Kilimo. He says he will use the loan to venture into poultry farming by buying poultry and constructing a poultry unit. He says he hopes to build the business and focus on being the main supplier of eggs to the supermarkets in the local markets.
He says the challenge is poultry feeds which have become expensive.
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.