Samson has a mixed farm in Nkubu town, eastern Kenya. He has been farming for 30 years and has employed one farmhand. His farm produces arrowroot, yams, sweet potatoes, maize and fruits, which he sells at a local market. He also practices small-scale farming of coffee and tea, which he sells through the coffee factory and the Kenya Tea Development Authority respectively. He also depends on the income from his pension, a home-based museum and a quarry to cater for the needs of his family.
He has requested this loan of 45,000 Kenyan shilings from Juhudi Kilimo to venture into fish farming and poultry farming. He says that these projects will increase his sources of income and will enable him to pay school fees for his children and expand other projects on his farm. He faces the challenges of diseases and a lack of financing and markets for his products. In the future, he plans to expand his fish ponds so that he can be able to harvest fish in tonnes. He further comments that Juhudi is giving financial assistance to the farmers who have been neglected before and that Juhudi staff live up to their promises.
Samson is 61 years old. He is married with four children, ages 22, 19, 16 and 14. Two of the children attend school.
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.