Henry is a resident of Kitale, Western Kenya and has been in farming for 12 consecutive years. He currently employs one farmhand. His farm produces maize and beans which he sells locally. He also runs a general retail shop in the local market to get additional income.
Henry has requested a loan of 85,000 KES from Kiva partner Juhudi Kilimo to buy a motorcycle for a transport business venture. He says the business will support his farming whose income has become unpredictable with fluctuations in the prices of farm produce. He hopes to build the business and buy a motor vehicle for the same business.
He reiterates that his major problems are the harsh weather conditions and poor prices for farm produce.
Henry is married with three children aged between 16 and 13, all of whom are in school.
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.