Basilio is a farmer in the Nkubu area of central Kenya where he lives with his family. He has four children, and their ages are between 11 and 2 years. He has nine successive years in mixed farming, with his farm produce being mainly fruits, vegetables, and poultry.
Basilio has requested a loan of 45,000 KES from Kiva partner, Juhudi Kilimo, to buy a water tank and irrigation pipes. He says the water tank and pipes will make the water supply into the farm easier and provide sufficient water both for his dairy cows and vegetables. He believes his farming income will be better and improve his family's living standards.
Basilio says that having a lack of funds is the greatest challenge to smallholder farmers, and Juhudi Kilimo's loans are quite timely with efficient processing. He, however, mentions poor market prices and pests as other challenges after capital sourcing.
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.