John is aged 38 and is married with two children aged eight and three. He has been in poultry farming for six years and sells his eggs to the local market. In addition to farming, he runs a motorcycle transport business within the local market. His currently employs one farmhand.
John has requested a loan of 40,000 KES from Juhudi Kilimo to enable him boost his poultry farming business. He says he has seen the potential in poultry farming and wants to exploit the opportunity fast and supply bigger markets within the region. He adds he will use the income to educate his children.
John says he has focus to repay the loan and acquire more in future.
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.