Moses has a poultry farm in Murang'a town in central Kenya. He has been in the farming business for 12 years now and employs one farmhand. He sells his eggs locally. He mainly depends on the income from his farm for the basic needs of his family.
Moses is 34 years old and married with four school-aged children who all attend school.
He has requested a loan of 70,000 KES through Juhudi Kilimo for poultry farming. The extra income from the sale of eggs will help improve his family's livelihood. He says that the high cost of poultry feed and diseases have been his greatest challenges. He hopes to increase his egg production in the next five years.
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.