Japheth is a 36-year-old farmer in Kitale county in Kenya where he lives with his wife and three children. His children are all in school. Japheth has been in farming for the past five years. He sells eggs and maize at the local market.
Japheth is requesting a 30,000 KES loan from Juhudi Kilimo to purchase poultry birds. The poultry will increase egg production and allow Japheth to earn extra income after selling the eggs. This will help Japheth improve his family's standard of living and pay for his children's schooling.
Japheth aspires to have two thousand poultry hens and three dairy cows in the next five years. The high cost of poultry feed is his major challenge in farming.
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.