Amos is a resident and farmer in Nkubu area of Central Kenya. He has been in farming for 5 years and employs one farmhand. He is single. His farm produces bananas, milk, vegetables and beans. He earns additional income from his emloyment as a driver.
Amos has made a second loan request with Juhudi Kilimo, amounting to 80,000 KES. This will enable him to cultivate a bigger and better banana plantation for commercial purposes. He adds that he wants to continue doing bigger and bigger farms. This will enable him to gain on economies of scale and he believes that he will be able to uplift his standard of living and make his asset base stronger. He specifies that the Juhudi loan allowed him to acquire his own piece of land and he would like to continue doing the same.
Amos also points out that fluctuating market prices and pests are the greatest threat to their businesses.
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.