Isaac is a resident of Kitale and has three children aged between ten and five years. He has been in farming for five years and sells his produce to the local market. His farm currently produces milk, maize, and beans.
Isaac has requested a loan of 60,000 KES from Juhidi Kilimo. This is his fifth loan request with Juhudi Kilimo. He reiterates that the loans have changed his family tremendously with the provision of basic needs and the education of the children. He says he will use the loan to venture into poultry farming, which will help in earning income in and out of season.
He sees undeveloped markets, theft of farm produce before harvesting, and diseases as the most worrying 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.