Patrick is 27 years old. He is married and has a one-year-old child. He is a farmer from Eastern Kenya near Nkubu. Patrick has beeen farming for six years; his product is bananas which he sells to the middlemen who later sell them to the local market. He also operates a shop in the same area.
He recently completed repayment of a previous loan from Juhudi Kilimo for 40,000 KES and has requested a new loan for 80,000 KES to constuct a better cowshed and upgrade his banana farming. The income from this loan will help him buy more land and later buy a car that will help boost his income.
His main challenges in farming are the low banana prices during the rainy season and natural hazards, like wind which causes banana stems to break. He plans to start potato farming bacause he has already identified a ready market for it.
He says that Juhudi gives loans through the group-guarantee mechanism and this makes it easier to access credit to boost his farming.
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.