Fredrick is a 26-year-old farmer in Kitale county in Kenya. He has been practicing mixed farming for the past two years, producing milk, horticultural crops and poultry products which he sells at the local market. He runs a butchery as an additional source of income. Diseases, unpredictable weather conditions and high cost of production are his major challenges in farming. Fredrick is requesting a 30,000 KES loan from Juhudi Kilimo to purchase poultry, from which he will earn extra income by reselling the birds. This will raise his living standards and help him save for the future.
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.