Godfrey is 28 years old and married with one three-year-old child. He has a mixed farm in Nkubu town in eastern Kenya that produces bananas, tomatoes and maize. He has been in the farming business for five years now and employs one farmhand. He sells all his products to the local market.
Godfrey has requested a loan of 80,000 KES through Kiva partner, Juhudi Kilimo, to expand his banana farm. He intends to use this loan to buy farm inputs, irrigation equipment and improve on the quality of his bananas. The income from this project will help him provide for the basic needs of his family. His major challenges have been unpredictable weather conditions and fluctuations in the market price of his products. He is planning to acquire another piece of land in future to enable him to expand his banana farming.
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.