Sammy is 61 years old and married with 13 children aged between 18 and 36, two of whom are currently attending school. He has been practicing mixed farming for the last 10 years in his hometown of Kitale in western Kenya. He employs one farmhand and sells his produce of milk, maize, and beans to the local market. He also depends on his pension pay to cater for the needs of his family.
Sammy has made a loan request of 51,600 Kes from Juhudi Kilimo in order to purchase and insure a dairy cow and buy additional stock of chickens. The income from these projects will help him meet the family's expenses. In the future, he would like to acquire two more dairy cows that will help improve his milk production. He faces the challenge of unpredictable weather conditions which makes it difficult to find enough animal feed, especially during the dry spell.
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.