Erick B. is a 26-year-old married man living in the South Rift Valley of Kenya, near the town of Litein. He has two children, ages 5 and 7, and both are currently attending school.
He is pictured above at his butcher shop, but he's also been running a mixed farm for four years now. He earns his income selling the milk and tea produced on his farm, and from running his butcher shop in town. He is able to employ three people in the community. He says that lately the main challenges to his business are lack of clean water, insufficient feed for his livestock and poor marketing and pricing for milk.
Erick has a successful history with Juhudi Kilimo, previously completing a loan of 40,000 KES. He has now requested this loan for 50,000 KES to purchase a dairy cow (40,000) and to expand his butchery business (10,000). He says that with the added income he'll earn he can repay the loan and also care for his family's needs.
In the future, he hopes to improve his cows to pedigree level, producing 30 liters per day, and to add to his land. He thanks Juhudi Kilimo for having improved his living standards through loans, and he promises to repay loans well so as to get another one.
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.