Silas in 48 and the father of 3 children aged 18, 12 and 7. He has been in farming for 5 years in his home area of Nkubu in Central Kenya. His farm produces beans, bananas, and milk, all sold at the local market. Silas says that currently, the rains are not sufficient for farming.
Silas has made a loan request of 40,000 KES from Juhudi Kilimo to boost his dairy farming by purchasing a dairy cow. This is his third loan with Juhudi Kilimo after the first and second one of 25,000 KES and 20,000 KES respectively. He says the loan will help him acquire a better and more productive breed. He adds that he will use the income to educate his children.
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.