Chavasinya, age 40, is a farmer in Kitake. He has five solid years of experience in farming. Maize, vegetables, and beans are his main produce, which he sells at the local market. He also trades in livestock in addition to active farming.
He and his wife have six children, the eldest of whom is 12 years old. The youngest is a nine-month-old baby.
Chavasinya has requested a loan of 30,000 KES from Juhudi Kilimo in order to buy poultry birds. This will enable him to venture into poultry farming, which will be a valuable new source of income, particularly since his farming endeavors face the ongoing obstacles of the high costs of inputs and unreliable rains. He hopes his new business will grow and and enable him to embrace modern techniques in poultry farming. He intends in this way to exploit the economies of scale that present the main challenge for most small farmers to do their farming with limited capacity.
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.