Total loan: $675
Eldoret, Rift Valley, Rift Valley, Kenya / Agriculture
Zipporah's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy poultry.
Zipporah, a mother of six from Eldoret, a remote town in Kenya, has spent the past seven years of her life farming. She sells eggs, milk and vegetables produced on her farm. She also engages in a personal business to make ends meet. Zipporah is a go-getter with a great desire to succeed in life. Of all the activities she involves herself in, poultry farming is closest to her heart. She enjoys waking up every morning to feed her animals. She is so close to her animals that she has nicknamed one of them 'Kipara,' meaning 'no feathers on the head.' Zipporah wants to take full advantage of poultry farming as a profitable business venture. She would like to expand her enterprise, but the biggest challenge she faces is lack of capital. She is therefore requesting a loan of 60,000 KES to buy additional poultry. With your loan, Zipporah will be able to expand the poultry section of her farm. This will generate enough income to repay the loan and enable her to save extra money. Zipporah is very concerned about her children’s education, so her profits will go toward paying their school fees. She dreams of a secure future for her children as she awaits your kindness. The agriculture sector accounts for 45% of Kenya's gross domestic product, generates 70% of Kenya’s export revenue, and employs approximately 70% of Kenyans. Despite the importance of agriculture to Kenya and its economy, financial institutions view lending to fund agricultural activities as a high-risk proposition because the profitability of these activities is affected by weather, natural disasters and price fluctuations. For this reason, farmers in Kenya remain underserved by financial institutions. Juhudi Kilimo is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Kenyan farmers.