Samwel is aged 38 and a resident farmer of Litein town in South Rift Kenya. He has been in farming for over 12 years, producing tea and milk with the help of his two farmhands. His products are all sold in the local market. He is married with 6 children, all attending school, save for the last-born, aged 6 months.
Samwel has made a loan request amounting to 20,933 KES to purchase and insure a dairy cow. He says the income will improve his family standard of living and help in educating the children. He remains optimistic the business will grow and plans to request bigger loans in future.
Samwel points at poor infrastructure as the main farming challenge.
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.