Phineas is a 22-year-old farmer in Nkubu county in Kenya, where he has been practicing mixed farming for the past four years, producing beans, milk, peas and tea, which he sells to the people in his local area.
He is requesting a 40,000 KES (Kenyan shillings) loan from Juhudi Kilimo to purchase materials for constructing a zero-grazing unit, which will help his dairy cows produce more milk and give him more income to be able to uplift his living standards. He plans to have increased his dairy cattle to four in number in the next five years.
The high cost of feeds is his major challenge in 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.