David is a resident of Nkubu and has had ten years in mixed farming. He currently grows maize and beans and produces milk, which all go to the local markets. He is married with one child, aged seven, who is in school. He earns additional income from masonry.
David has requested a loan of 50,000 KES from Juhudi Kilimo to buy poultry birds for a venture into poultry farming. He says this will expand his farming business, spread his risks and improve his family's living standards.
He complains of insufficient rain.
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.