Symon is 58 years old and married with six children: five adults and one teenager who is still attending school.
Symon is a farmer in Murang'a town in Central Kenya. He has been farming for over thirty years and has employed one person from the community. His main product is milk which he sells to the local market. He is also a cash-crop (a crop that is grown for profit) farmer and sells his coffee to the the local market. His biggest challenges are the unstable market and fluctuation in the price of milk.
Symon has requested this KES 63,600 loan from Juhudi Kilimo to purchase and insure a dairy cow. This loan will increase his family’s income through the sale of milk and help him pay school fees for his son. In future, he would want to purchase three pure-bred cows producing between 25 and 30 liters of milk each per day.
Symon says, "Juhudi Kilimo is doing a great job and the services are efficient. With Juhudi Kilimo loans there is hope for a better 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.