Justus is 49 years old and married with seven children. They range in age from one to 22 years old. Five of them are currently enrolled in school. He has run a farm in western Kenya, near the town of Kitale, for the past ten years. His primary source of income comes by selling maize, beans and meat, at the local market to middlemen. He also operates his own butchery for extra income. Overall, his main challenges are competition from other meat suppliers and access to good preservation equipment such as fridges.
Justus requested this loan, his first through Juhudi Kilimo, for Kes. 31,200 to purchase and insure a dairy cow. He says that the extra income from this loan will improve his family by getting milk for home consumption and selling the surplus. Justus wants to be the main meat and milk supplier in his area.
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.