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Samwel
This is Samwel. He is a farmer and trades in onions, Tomatoes and Peppers in Meru county, Kenya. Samwel started farming on hired land about 3 years ago. So far he has managed to buy a small piece of land where he farms. He also farms on other hired land. Since he sells his produce in Wajir, a distance of more than 600 Kilometers away, he wishes to increase his capacity in order to maximize on his profits. Samwel hopes to raise his sales and be able to buy a pick up vehicle in two years time. A loan from KIVA will grow Samwel's business and enable him do contract farming selling to big processing companies as well as produce for his business..

Additional Information

More information about this loan

This loan is designed to empower small to medium-scale farmers in Kenya, where agriculture employs more than 75% of the work force.  ECLOF Kenya’s loans support a range of agricultural needs, including horticulture and the purchase of farm inputs such as fertilizer, seeds, animal feeds, vaccination and farm equipment. Loan terms are structured around the maturity of the crop and/or the payback period of the inputs purchased. Additionally, ECLOF Kenya hopes to provide loans to farmers for the purchase and installation of water harvesting and storage equipment like water tanks or sinking shallow wells. By funding this loan, you are helping small-scale farmers increase their production capacity, providing employment opportunities and contributing to food security in the country.

About ECLOF:

ECLOF Kenya is a microfinance institution that provides financial and non-financial services to micro, small, and medium entrepreneurs in Kenya. It provides a variety of services in all sectors of the economy.

The organization is committed to supporting low-income students in Kenya. ECLOF Kenya is currently working on a higher education loan program to benefit low-income students. Kiva’s partnership is extremely important in providing a low-risk strategy for launching the student loan product and providing many students with opportunities they otherwise would not have access to.

Tags

About Kenya

  • $1,800
    Average annual income
  • 593
    View loans »
    Kenya Loans Fundraising
  • $39,222,100
    Funds lent in using Kiva
  • 88.4
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Samwel to expand his farming activities i.e Hire land, buy inputs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2014
Listed
Aug 27, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015