Patrick has requested a loan of 58,000 KES from Juhudi Kilimo to buy a flock of poultry for 30,000 KES and a chuff cutter (a machine that cuts stovers, or the leaves and stalks of maize, sorghum or soybean plants, into smaller pieces for fodder) for 28,000 KES. He is worried about the fluctuation in market prices, especially within the local markets. He hopes, however, to earn more from his dairy through providing his cows with better feed and reducing its waste.
Important InformationTo 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.
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