Sammy is a 60-year-old married man living near the town of Kitale, in western Kenya. He has twelve children, ranging in age from 15 to 30 years old, with three of them currently attending school.
Sammy has been running his mixed farm for over ten years now, and sells a wide variety of products at the market. His primary income comes from the sale of maize, beans, milk and eggs, while he also earns income from his ownership of a motorbike. He says that lately the main challenges to his business are the fluctuation in market prices and changes in climatic conditions, which negatively affect production.
Sammy is a new client of Kiva partner, Juhudi Kilimo. He has requested a loan of 40,000 KES to start a poultry farming operation. He says that the extra income from this loan will ensure that his family's needs are well catered for. He has plans for expansion in the next five to ten years, and his main goal is to increase the number of dairy animals and poultry stock he owns, thus generating more income.
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.