David is a 40-year-old farmer in Nkubu county in Kenya, where he lives with his wife and two children. Only one of his children has started schooling. David has been in farming for over twenty years, producing horticultural crops and cereals, which he sells at the local market. He would like to venture into pig keeping.
David is requesting a loan of 20,000 KES from Juhudi Kilimo to purchase pigs. From selling the pork products, he will earn extra income to raise his living standards and he will use some of the money to pay for his children's schooling. David aspires to have one thousand pigs to boost his business in the next five years. Lack of enough animal feeds and poor markets are his major challenges 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.