Philip is 51 years old, married and has five children aged 10 to 26 years old. Four of the children are currently in school. He is a farmer from the Rift valley near the town of Litein. He has been farming for 6 years and has been able to employ 3 workers over time. His main products are milk, bananas and tea, which he sells to the local market. He also earns income from a retail shop and a private medical clinic he owns in the same area.
He has successfully completed his first loan for KES 45,000 from Juhudi Kilimo. He has requested this loan for KES 80,000 to purchase a dairy cow. The extra income from this loan will improve his family's living standards. His main challenges in the dairy business are getting quality semen for his dairy cows and lack of funds to run a dairy business. He would like to start a hotel business in the future.
He is grateful to Juhudi / Kiva for the continuous funding which has improved his standard of living and that of his family.
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.