Silas is a resident of Nkubu Town in North Rift, Kenya.He is married with four children, all adults. He has been in farming for over thirty years. His produce of french beans, carrots, cabbages, milk and potatoes is all sold locally.
He has requested this loan of 70,000 KES from Juhudi Kilimo to expand his horticultural farming. This is his second loan after the first one of 45,000 KES. He hopes the income will enable him to take care of his grandchildren and siblings. He aims to expand his horticultural farm through lease of farmland.
His major challenges are unreliable workforce and markets for the produce.
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.