Edward K. is 35 years old, married, and has three children from the ages of 3 to 9. He has been farming for the past seven years and sells milks, eggs, and vegetables to the local market. He also has a motorcycle transport business.
This will be Edward's third loan with Juhudi Kilimo, and he plans to use it to purchase poultry. This will result in greater egg production, used for home consumption and sale, leading to increased income for his family.
In the next five years, Edward hopes to have 1,000 poultry, a posho mill, and act as the main egg supplier to the local market.
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.