Silas is a farmer in Nkubu, Central Kenya, and he is 34 years old. He has been in farming for eight years and currently employs one farmhand with the income from his produce of peas, bananas, milk, maize, and beans that he sells to the local market. He runs a cereals shop to get additional income.
Silas has requested a loan of 40,000 KES from Juhudi Kilimo to purchase a water tank at 32,000 KES and irrigation pipes at 8,000 KES. He says the availability of water through the irrigation system will ensure a better and consistent income. He plans to boost his farming by buying two more dairy cows.
He laments the high costs of feed and inadequate rainfall as the major challenges in the farming business.
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.