Maomanyi has a mixed farm in Kisii town, western Kenya, that produces maize, beans, coffee, milk and tea. He sells his products to the local market and through the Kenya Tea Development Authority. He has been practicing mixed farming for five years. He is also a mason. His biggest challenges in farming have been transportation and the fluctuation in the prices of milk.
Maomanyi is 48 years old. He is married and has been blessed with three children who are now between the ages of 17 and 26. Two of the children are currently attending school.
He has requested this loan of 50,000 Kenyan shillings through Juhudi Kilimo to expand his cereals business. The extra income from this loan will help him build a better house and pay school fees for his children with ease. He plans to expand his dairy business in the future by buying three quality dairy cows and a posho mill to ground maize into corn flour.
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.