Alfred is a 48-year-old married man living in western Kenya, near the town of Kitale. He has six children, ranging in age from five to 20 years old. All of them attend school.
Alfred has been running his farm for over twenty years. He sells a wide variety of products at the local market, like maize, beans and bananas. He earns extra income as a welder.
Alfred has a successful history with Juhudi Kilimo, having recently completed a loan of Kes. 30,000. He now requests a loan of Kes. 62,400 to purchase and insure a quality dairy cow. He says the animal will require a lot of effort, though he fully appreciates the extra milk production.
He hopes that the profit from the loan will help him further his children's education and meet their need for food.
Alfred has big plans for expansion in the next five to 10 years. His main goal is to acquire another six acres of land. He also wants to have 10 good dairy cows and to upgrade his poultry farm to a maximum of 1400 hens.
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.