Joseph is aged seventy years and has been in farming for twenty-seven years with his farm currently producing and selling milk and horticultural products to the local market.
Joseph has requested a loan of 100,000 KES from Juhudi Kilimo to buy a milling machine in the local market. He says he will install grain processing equipment for use in the local area and hopes to increase his income. This is his second loan with Juhudi after the first one of 60,000 KES which he used to set up an aggro-vet shop which has helped him in treating his dairy animals and generating income to meet family needs.
Joseph says sourcing for capital remains the major challenge to smallholder farmers in the area. He is grateful to Juhudi Kilimo for improving smallholder living.
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.