Mark is a 35 year-old married man and was blest with three children, two of whom attend school. He has been practicing mixed farming for the past seven years. He grows tobacco and fruits and sells in the local market. Besides farming, he is a teacher by profession.
He has requested a loan of KES.50,000 from Juhudi Kilimo so that he can put up a zero grazing unit to help with his livestock. The use of this loan will help him educate his children. He plans on buying his own car. The challenges he faces are poor infrastructure and pests and diseases.
He says that Juhudi Kilimo has affordable interest rates for small scale farmers.
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.