Richard is a farmer in Kitale, Western Kenya where he lives with his two children, one of whom is currently enrolled in college. He runs his farm with the help of one farmhand and produces mainly maize and beans, which he sells at the local market.
Richard has requested a loan of 90,000 KES from Juhudi Kilimo to help him venture into the poultry farming business. He says there are great prospects for growth, owing to the lively regional market for poultry products. He will buy poultry for 40,000 KES and construct a housing unit for 50,000.
He faces challenges like costly and unreliable labor and poor road networks in the area. This is Richard's fourth loan, and he appreciates Juhudi Kilimo's services.
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.