Accrington is a resident of the Nkubu area in Central Kenya where he has been practicing mixed farming for ten years, producing mainly fruits like mangoes and bananas for the local market. He is aged forty six years and married with three children aged between 20 and 7 years.
Accrington has requested a loan of 40,000 KES from Juhudi Kilimo to help him buy piglets. He says the venture will help him generate enough income to educate his children. He notes he will also save part of the income for a venture into dairy farming.
He says the main challenge remains lack of capital for running farming as a 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.