24-year-old Benson is a farmer from Western Kenya near Kitale town. He is married and has two children aged 9 months and 3 years.
Benson has been farming for three years and sells his maize, bananas and vegetables to the local market. He also operates a mini-bakery in the area. His main challenge in farming is bad weather and poor milk prices.
Benson has requested this KES 31,200 loan from Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will enable him to meet his family’s needs.
In future, Benson would like to expand his farm from the current one acre to five acres in order to accommodate four quality dairy animals that he aspires to have.
Benson hopes that Juhudi will exist forever so that the rural people can continue to benefit.
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.