Patrick is 52 years old. He is married and has been blessed with 4 children between the ages of 10 and 33. Three of the children are still attending school.
Patrick is a farmer from Litein town in Rift Valley, Kenya. He has been practising mixed farming for 22 years and has six employees. His products are pineapples, maize, tea, and milk which he sells locally. He also buys and re-sells cows at a profit.
His biggest challenge has been the high cost of farm inputs like fertilizers and chemicals which affects his produce and the inconsistent markets and pricing of his farm products.
Patrick has requested this loan from Juhudi Kilimo of 60,000 Kenyan shillings (KES) to purchase a dairy cow. He says that with this loan, he will have more disposable income through the sale of milk and this will improve the living standards of his family.
In the future, he would like to increase the quality of his dairy breeds and purchase a truck that will assist him in transportation. He would also like to access loans of higher amounts in the future.
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.