Boniface is married and has two children. They reside in Nkubu, Eastern Kenya. He has been a farmer for five years.
He has requested a loan from Juhudi Kilimo of KES.40,000 for the purchase of a generator. This will enable him to bring proper lighting to his farm, especially in times of electricity shortage. He says that the use of this loan and the output of it will help him educate his children .He plans to buy a larger piece of land. He says that Juhudi Kilimo is the best.
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.