Richard is 26 years old. He is married with 5 children between the ages of 3 and 10, all of whom are attending school. He is a dairy farmer from Litein, in Rift Valley, Kenya. He has been farming for 4 years and has employed one person from the community. His products are milk, which he sells to the tea estate, and tea, which he sells to the Kenya Tea Development Authority. Before venturing into farming Richard was operating a hotel business. His biggest challenges in farming are lack of animal feed, the high cost of artificial insemination services, which are not readily available, and a lack of knowledge about dairy farming.
Richard has requested this loan of KES 45,000 from Juhudi Kilimo to purchase and insure a dairy cow. The income from this loan will help him to repay the loan and to pay his children’s school fees. In the future, he would like to upgrade his dairy animals to high yielding cows, and build a dairy unit. He will also request more loans from Juhudi Kilimo.
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.