Alfred is a father of two children, with the firstborn being 10 years old and the second-born only 8 months old. He is himself aged 37 and has been in active farming for 13 years. His farm produces tea, coffee, bananas, and milk, which he sells to the local market. Besides farming, he gets additional income from his retail shop business in the local market.
Alfred has requested a loan of 60,000 Kenyan shillings (KES) from Kiva partner Juhudi Kilimo to buy water pipes for irrigating his farm (at 40,000 KES) and also to buy a chaff-cutter to help in feeding his dairy animals. He expects improved income, which he will use to improve his family's living standards and educate his children.
Alfred says the lack of farming capital, coupled with poor market prices for the farm products, has always been his greatest challenge.
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.