Samuel is 38 years old, married and blessed with four children aged between 2 and 11. Three of his children are currently attending school.
Samuel has a mixed farm in Nyamira town, western Kenya, that produces bananas, napier grass, maize, beans and milk. He sells all his products to the local market. He has been farming for ten years and employs one farmhand. He also earns income from his hotel business in the same location. He says that his biggest challenge in farming has been the pests and diseases that affect his crops.
Samuel has requested this loan of 45,000 KES from Kiva partner, Juhudi Kilimo, to purchase and insure a dairy cow. The proceeds from this loan will help him pay his children's school fees and improve their livelihood. In future, he would like to buy land and expand his farm.
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.