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Richard
Meet Richard, a farmer who hails from the Kitale area of South Rift, Kenya. He lives with his wife and six children. He has been farming for the past 17 years; his primary sources of income are milk, eggs, maize, and beans, and he has a retail business. In farming, he enjoys feeding chicken and collecting eggs both for family consumption and for selling. His biggest challenges are pests and diseases, drought, and lack of capital.

Richard chose Juhudi Kilimo because it offers financial support to small-scale farmers. During the training, he learned that microfinance institutions lend money to small-scale farmers at low interest rates. This loan will lead to more income because of an increase in egg production and will enable him to pay his children's school fees and improve living standards for the whole family.

Additional Information

More information about this loan

Juhudi Kilimo works 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. This loan will provide an income generating agricultural activity for small-holder farmers to improve their standard of living.

Important Information

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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 625
    View loans »
    Kenya Loans Fundraising
  • $39,970,625
    Funds lent in using Kiva
  • 86.3
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Richard to purchase poultry.
49% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 4, 2014
Listed
Mar 23, 2014
Currency Exchange Loss:
Possible