Geoffrey is a resident and a farmer in Kitale, where he carries out farming and lives with his family of three children, ages 9 and 3 years with the last born only three months ago. Geoffrey is 32 and has been in farming for over 10 years. He runs a retail shop in the local market for additional income. His farm currently produces maize, tomatoes and vegetables.
Geoffrey has requested a loan of 90,000 KES from Juhudi Kilimo to help him venture into poultry farming. He says he will buy poultry birds for 30,000 KES and construct a poultry housing unit for 60,000 KES. He says the income from farming will help him improve his family living standards.
He plans to buy a van for a transport business in the future. He laments of poor roads which makes transportation costly to farmers.
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.