Benson has been in active farming for fifteen years in his rural home in Kitale, Western Kenya, where he lives with his family of three children, all of school age. His farm products, which are mainly milk, maize, and horticultural products, are all sold within the local market.
Benson has requested a loan of 40,000 KES from Kiva partner Juhudi Kilimo to buy poultry birds at 30,000 KES and expand the dairy unit at 10,000 KES. He is focusing on having a flock of five thousand in his farm.
He says the high costs of feed and unreliable rains are the challenges in farming.
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.