Nathan is married with five children between four and 17 years old. All of his children are in school. For the past 18 years, Nathan has been a farmer, producing maize and milk. He also runs a retail business in his hometown of Kitale in Western Kenya. Nathan's major business challenge is unreliable rainfall which limits his farming.
Nathan is requesting a 60,000 KES loan through Juhudi Kilimo to buy poultry and build a poultry housing unit. He says that the poultry business has become very lucrative will take a shorter time to provide a good return. He adds that it is easier to run a poultry business given the area's unreliable rains and notes that other farming businesses rely a great deal on water. Nathan remains hopeful that his farming business will continue to grow.
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.