Eldoret area is a very populated area, and Evans has been selling vegetables, milk and fruit to the nearby market. One challenge that is holding him back is the timely delivery of the product to the market. Milk and vegetables are very perishable and require timely delivery so that they can fetch a high price but this is hampered because the road network is poor and also the feeder roads are poor thereby leading to delays in the delivery of product. Because of the above reason, Evans has been having losses because the products reach the market when they are no longer fresh. Therefore, he is kindly seeking a loan to buy a motorbike. Through the motorbike he will be able to deliver the products on time to the market and be able to satisfy the increasing client base and market.
Evans is an ambitious person and knowing that there are institutions such as Kiva that help young and enterprising people he feels relieved and knows that he will achieve all of his goals and desires.
Through the loan, Evans will also impact the life of another person because he will employ someone to ride the motorbike and help him with the farm work. Evans has learned a saving culture, and his plans for the extra income he will be getting are to help improve his living standards and also help his parents.
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 InformationTo 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.
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