Brendan lives in the Nkubu area of Eastern Kenya, a very fertile ground for agriculture, located on the slopes of Mt. Kenya. He is married and has four children. He has practiced farming for over 25 years. His primary source of income is producing cereals. He says that the loan will help him buy a water tank and pipes, which will help him store enough water for his farm and thus facilitate more crop production. In five years, he intends to have his own store. The major challenges he faces are crop pests and diseases, and insufficient funds. This loan will improve his living standards. He appreciates Juhudi’s quick loan processing.
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.