Cyrus has a farm with mixed crops near Murang'a in the Central Province of Kenya. He is 32 years old and has already been farming for eleven years. He grows cash crops, like tea and coffee, and horticultural crops. He is also a dairy farmer and sells his milk through the local Kenya Cooperative Creamery. The challenges to his business are lack of funding, the expensive price of animal feeds, and a poor market for milk.
Cyrus has successfully repaid a previous loan from Kiva partner, Juhudi Kilimo, for 60,250 KES and is requesting a new loan for 47,700 KES to buy and insure an additional dairy cow. He hopes that with this loan he can improve his income enough to move from his parents' house and build his own home for his young family. In the future, he plans to have as many as five cows and produce more than 50 liters of milk.
He says that Juhudi Kilimo has improved his life with its financial help and good credit terms. He feels that his dreams can be realized only through Juhudi Kilimo's credit facilities so he is "here to stay".
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.