David has been in farming in his rural home for over ten years. His farm produces maize, bananas, tomatoes, milk and passion fruits which he sells to the local market. He fully relies on farming income for the upkeep of his family of two children aged eight and two years.
David has made a fourth loan request with Kiva partner Juhudi Kilimo to buy and insure a dairy cow at 36,750 KES. He says this will improve his farming income and help him in improving the living standards of his family. He plans to buy a motorcycle to help in delivery of his produce to the market.
He appreciates Juhudi Kilimo help to smallholder farmers but adds that high costs of inputs still remains a challenge to farmers.
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.