Symon is the chairman of Kauma Self Help Group in Murang'a town, Central Kenya. He has been practicing mixed farming for over 30 years and has employed two farmhands. His mixed farm produces coffee, maize, and milk which he sells both to the local market and to Kenya Cooperative creameries respectively. He also depends on his pension pay to meet the needs of his family.
Symon has requested this loan from Juhudi Kilimo of 63,600 KES to purchase and insure a dairy cow. He says that this loan will improve his income and enable him to pay school fees for his daughter in college and reduce his dependency on others. His primary challenges have been poor marketing and transportation problems due to seasonal roads. Despite the challenges, he hopes to acquire six more high yielding dairy cows in the future.
Symon is 57 years old. He is married with four children who are all adults. His youngest daughter is attending school. He says that the future is bright since farmers can access loan facilities with ease and thus are able to grow.
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.