Richard is a hardworking young farmer from the town of Kisii in Western Kenya. He is 33 years old and married with 3 children between the ages of 1½ and 6. Two of his children attend school.
Richard has been farming for 5 years and employs one farmhand. His products are bananas, tea, maize, beans and millet, which he sells to the local market. He also operates a spare parts shop (pictured above). His major challenges in farming have been the fluctuation in the prices of his products and crop diseases which affect his output.
Richard has a good record with Juhudi Kilimo, having successfully completed his second loan. He has requested this loan of 80,000 KES to expand his farming business by planting more bananas and purchasing a dairy cow. He says that with this loan, he will be able to increase his food production both for his family and for sale. He would like to practice large scale farming in 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.