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Total loan: $350
Eldoret, Rift Valley, Rift Valley, Kenya / Agriculture
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Magdalene's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy poultry.
Hello! Meet Magdalene, 44 years of age, a very hardworking, honest and dedicated farmer who lives in Kapseret, a remote village in Eldoret. She is happily married and is blessed with two adorable children. She has been practicing mixed farming for the last eight years and has gained so much experience. To afford a decent and comfortable life for her children, she has been selling milk, eggs and varieties of food crops from her farmland. To make ends meet and make extra cash, she has been engaging in other small personal business. The Eldoret area is very populated and demand for poultry products and eggs is very high. Like many farmers from her region, she finds poultry farming very enjoyable, and she stated that the most enjoyable part about poultry farming is “the increased profits I enjoy.” Her biggest challenge, however, is meeting the demand that is really high. She lacks funds to increase her poultry farming, and she is seeking a loan of 30,000 KES (Kenyan shillings) to buy poultry. Being a woman accessing funds is very challenging, but through institutions such as Juhudi Kilimo via Kiva, she feels relieved knowing that her dream will be achieved, and she will be able to buy more poultry. Through the loan, she will sell eggs and poultry products to her neighbors and to the local market and this will translate to increased profit margins and an improved income level. Being a visionary woman, she intends to accumulate more profits and increase her poultry market to other markets, and this will increase her income and improve her living conditions. The extra income she will get will be used in fully repaying back the loan and permanently changing her living conditions and securing the future of her school-going children.