Joseph is a farmer from Kitale town in western Kenya. He has been practicing mixed farming for 35 years now and employs one farmhand. He sells his milk, maize and beans the local market. He also depends on his pension pay to care for the basic needs of his family.
Joseph is 72 years old and married, with 10 children who are all adults.
He has requested a loan of 30,000Kes through Juhudi Kilimo to expand his poultry farming. The extra income from this loan will enable him to pay school fees for his children who are in college, and also to afford a better life. He hopes that in the next five years, he will have expanded his farming in terms of the number of chickens he will own.
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.