Philimon farms in his local home area in Nyamira, Kenya; poultry is his main produce for the local market. He also runs a motorcycle transport business for additional income. He is married with one child.
Philimon has made a request of a loan of 30,000 KES from Juhudi Kilimo to buy poultry. He hopes to increase his family income and meet basic family needs with ease. He says the future for his farming business looks bright with the existence of farming loans.
Philimon says the main challenge is lack of finances to carry out meaningful 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.