Silas is a resident of Kitale. He is twenty-seven years old, married, and has four children. He has been a farmer for seven years selling milk, maize and eggs. Besides farming, he has a motorbike business.
He has requested a loan of KES 90,000 from Juhudi Kilimo for the purchase of poultry. By the sale of eggs he will be able to pay school fees and improve the family business. In future, he wishes to have three thousand poultry birds and a posho (cornmeal) mill. The major obstacles are diseases and feed shortage.
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.