Richard is age 38 and has been in active farming for 15 years producing and selling tobacco, beans, green grams (mung beans), maize and poultry eggs and birds for the local market. He currently employs five casual farmhands on his farm. He notes that limited rains remain the main challenge in farming. Besides his farming business, he trades in charcoal as well. He lives with his family of four children in their rural home in the Nkubu area.
Richard has requested a loan of 30,000 Kenyan shillings to buy both a bull and a cart to transport his farm produce to the market, as well as to ease the transport costs for his charcoal business. He says this will increase his income from both farming and selling charcoal and will avail him of the finances required to help him meet his family's needs, with the main one being the education of his three children still 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.