Geoffrey, age 35, is a farmer in the Litein area of South Rift Kenya. He has been engaged in farming for 12 years, producing mainly milk and tea for the local market. He and his wife have four children. The youngest is a one-year-old baby and the eldest is 10 years old.
Geoffrey has requested a loan of 30,000 KES from Kiva partner Juhudi Kilimo to help him venture into poultry farming. He will use the loan funds to buy poultry birds. He believes this endeavor will help to uplift his family's living standards through the generation of more income. He adds that the loan will also help him improve the family dairy business. His future plan is to venture into transport business, since he says transport remains the major challenge for farmers in the area.
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.