Benson is a resident of Murang’a and has been active in farming for ten years. He lives with his family of three children in their rural home in Murang'a where he carries out farming and sells his produce of milk, tomatoes, and butternuts to the local markets.
Benson has requested a loan of 35,000 KES from Kiva partner Juhudi Kilimo to buy and fertilizer at 10,000 KES, irrigation pipes at 5,000 KES and pay for seeds and farmhand labor at 20,000 KES. He says he hopes to improve the living standards of his family and educate his children with the farming income.
He says the major challenge is dry spells and poor markets with low price offers for farm produce. He plans to make proper use of Juhudi Kilimo loans.
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.