Kennedy is aged twenty-seven and married with three children aged between six and one. He has been meeting his family's daily needs from the income he makes from farming and by selling produce like milk, maize, beans and poultry. He gets additional income from livestock trade.
Kenedy has requested a loan of 30,000 KES from Juhudi Kilimo to boost his poultry farming by buying more birds. He also hopes to get into the dairy breeding business in five years time. He adds that his focus is to make farming his core business and to be able to educate his children to higher levels.
He mentions fluctuation in market prices and animal diseases as the major challenges.
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.