Ashford is a farmer in the Nkubu area of Central Kenya. He is aged thirty-three, married with two children aged ten and six and has been in farming for six solid years. His farm produces coffee, kales and bananas which are sold locally. He also does timber lumbering besides farming.
Ashford has made a loan request with Juhudi Kilimo amounting to KES 30,000 to help him purchase irrigation pipes for his banana plantation. He says that the irrigation system will not only help in banana farming but will expand his entire farming business which has always been limited by insufficient rainfall. He adds that the boost in farming income will take care of his basic family needs.
Ashford notes that sourcing for capital, insufficient rainfall and diseases are the major challenges farmers face in Nkubu.
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.