Jason M. is a farmer in Nkubu producing maize, beans, wheat, potatoes, and milk. He has been a farmer for the last 15 years. He is married and has three adult children. He earns additional income from a cereals business he runs in the local market.
Jason is requesting a loan for 60,000 KES from Juhudi Kilimo to purchase seeds and expand his farm acreage for maize, beans, and wheat.This is Jason's second loan with Juhudi Kilimo . He says this will go well with his cereals business as he will be selling his own produce rather than sourcing from other farmers. This, in turn, will give him better margins for the cereals business and enable him to adequately provide for his family. He is focusing on having buying a vehicle to supply his cereals beyond the local market. Jason mentions poor market prices and pests as the main challenges to his business. He remains glad Juhudi Kilimo provides small farmers with loans.
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.