Sylvanos has been practicing mixed farming for twenty years and employs two farmhands. His farm produces tomatoes, cabbages and maize which are all sold locally. He also earns income from his motorbike transport business.
He has requested a loan of 62,400Kes through Juhudi Kilimo to purchase and maintain a dairy cow. The extra income from the sale of milk will enable him pay school fees for his children. In five years' time, he hopes to have increased the number of his dairy cows and increase his milk production.
Sylvanos is 53 years old and married with 8 children whose ages range between 3 and 26. Four 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.