David is a resident and a farmer in the Nkubu area of Central Kenya. He lives with his family of 3 within the town of Nkubu. He has been actively farming for 17 years, producing and selling maize, beans and milk locally. He gets additional income from his retail shop business.
David has requested a loan of 40,000 KES from Juhudi Kilimo to help him build a zero grazing unit and buy an ox plow. He says this will reduce his plowing costs and earn him additional income since other farmers will hire him to plow for them. He adds that the zero grazing unit will improve feeding for his animals. David points at unpredictable weather conditions as the major challenge 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.