Alfred is a father of 6 children, all are adults save for the last two. He has been in farming for 20 years in his rural home area of Nkubu in Central Kenya. His farm currently produces maize, beans, coffee and milk, which he sells to the local middlemen as well as being consumed by his family. He runs his farm with the help of one farmhand.
Alfred has made a loan request of 50,000 KES from Juhudi Kilimo to help him construct a zero-grazing unit for his dairy cows as well as construct a fish pond. He says fish has become a popular delicacy in the region unlike before and stands to give better returns. He adds that the expansion of his farming business will help him improve his family's living standard.
Alfred says other crops have been yielding low harvests and is the main reason for his venture into fish farming and expansion of his dairy business.
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.