Juvenaray is 44 years old and is the married father of three children, 1½, 4 and 10 years old. Two of the children are attending school.
Juvenaray is a farmer in Nkubu town in Eastern Kenya where he has been farming for nine years. His main product is bananas which he sells to the middlemen. He solely depends on the income from his farming activities to cater for his family needs. His biggest challenges in farming are the low prices and insufficient market for his products.
Juvenaray successfully completed his previous loan of KES 40,000 from Juhudi Kilimo and requested this loan of KES 70,000 to purchase a dairy cow. This loan will help increase the income he generates from farming, hence improving his family’s living standard.
in five years' time, Juvenaray would like to buy another piece of land to expand his farming activities. He says "Services from Juhudi have greatly improved and the loan term is flexible compared to other organizations."
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.