Fredrick is 49 years old. He is married with 7 children aged between 5-22 years old. All the children except one are attending school.
He is a farmer from Western Kenya, in the town of Kitale, where he has been farming for 10 years. He sells his sheep and poultry to the local market. Fredrick is also a manson. He faces the challenge of heavy rains, which leads to low production.
He has requested this loan from Juhudi Kilimo for Kes.31,200 to purchase and insure a dairy cow. This loan will enable him to acquire a dairy cow that will produce enough milk for consumption and sale. In future he would like to acquire a posho mill (used for grinding maize into flour) that will increase his income.
He says that if he gets a cow which produces 5 litres daily, he will be able to sell and get income, and his family will also get milk for consumption.
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.