James is 27 years old and married with two school-aged children. He is a farmer near Kisii in south-western Kenya. James has been farming for four years and sells milk, cabbage and tomatoes at the local market and from the farm. He says that the main challenge to his business is low local pricing for his goods.
James has requested a loan through Kiva partner, Juhudi Kilimo, for 70,000 KES to purchase and insure a dairy cow. He says this will help him produce enough milk to sell. He believes that he will also then be able to offer employment to others. In the future, he would like to own a pick-up truck in order to transport his products to market.
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.