Alex, age 30 and unmarried, is a farmer in his home area of Muranga, central Kenya, producing horticultural products, milk, and coffee.
He has requested a loan of 50,000 KES from Juhudi Kilimo in order to purchase a motorcycle, which will help him venture into the transport business. He says this will improve his income due to cheaper delivery of his own produce to the market, unlike when transportation is offered by other parties.
Alex says fluctuation in prices remains a challenge to local farmers, and general knowledge in farming remains a 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.