Benard is 24 years old and conducts his farming activities in Kenya’s South Rift Valley. His farm produces poultry and milk. He also operates a tea retail business, sourcing tea from other farmers in the area and selling it to the processors and wholesalers in the local market.
Benard has requested a loan of 70,000 KES from Juhudi Kilimo to buy a dairy cow and grow his dairy business. He previously borrowed a first loan of 30,000 KES, which he promptly repaid. Benard adds that the loans help him improve his farming business and he expects growth to increase as a result.
He says the major challenge to farmers in the area is the lack of farming skills, which is a necessary requirement for farmers to mitigate the challenges inherent in the business of farming. He encourages Juhudi Kilimo to intensify its farmer training programs.
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.