Samwel is a resident of Kisii Town in Western Kenya. He is married with seven children, all adults. He has been in the farming business for 25 years, producing and selling tea, sugarcane, potatoes and milk locally. He has employed two farmhands.
He has applied for this loan of 90,000 KES from Juhudi Kilimo to expand his dairy farming and dairy products retail shop. He hopes this expansion will improve the family income and give them a better living standard. He aspires to have a van for public transport.
He faces the challenges of finances for family expenses and inputs like fertilizers.
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.