Isaac is 58 years old, married, and has 5 children aged 24-32, one of whom is still attending school. He is a farmer from Kisii town in Western Kenya. He is also a retired teacher, and is still enjoying the benefits of his pension. For the past 11 years, Isaac has been producing maize, beans, bananas and milk, which he sells to the local market. His main challenges in farming are the unpredictable weather conditions, lack of enough water and proper veterinary services.
Isaac has requested a loan of KES 70,000 from Juhudi Kilimo to purchase a dairy cow. The income generated by this loan will enable him to better provide for his family and educate his child who is still in school. In the future, he hopes to expand his farming activities by purchasing 2 more dairy cows and increasing his cereal stocks.
He appreciates the help given and appeals for more funds to boost production.
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.