Geoffrey is aged thirty-five years and runs his farm with the help of one farmhand. He produces maize, milk, and poultry products to sell to the local market. He has been in commercial farming for six years.
Geoffrey has requested a loan of 40,000 KES from Kiva partner Juhudi Kilimo to improve his poultry business by buying more poultry birds. He is focusing on expanding his farming business significantly to be able to earn enough income to meet his growing family’s needs, especially the education of his children.
Geoffrey says animal diseases and the high costs of inputs remain the greatest limitations.
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.