Benard is 38 and married with five children, with the first four already in school. He lives with his family in their rural home in Litein, South Rift, Kenya where he carries out farming and sells mainly tea and milk to the local market. He currently runs his farm with the help of two farmhands.
Benard has made a loan request of 50,000 KES from Juhudi Kilimo to help him buy a chuff cutter. He says this will ease the process of feeding his cows. He plans to buy more land in the future to create room for his growing number of cows.
Benard, however, notes that feeding animals still remains a challenge but he expects to manage it effectively.
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.