Vincent has been operating his mixed farm for the last ten years in the outskirts of Litein Town in Rift Valley, Kenya. His farm produces pineapples, coffee, tea, milk and maize, which he sells locally. He has also employed a farmhand from his community.
Vincent is 50 years old and married with 6 children, ages ranging between 7 and 18. All the children are currently attending school. He solely depends on the income from his farming activities to cater to the basic needs of the family. He however faces the challenge of drought, which affects his produce and the poor road network.
Vincent has a clean record with Juhudi Kilimo after he successfully completed his previous loan of KES.45,000. He has requested this loan of KES.60,000 to purchase a dairy cow. He believes that with this loan, he will be able to generate more income for the family through the sale of milk, and this will improve their living standards and help pay school fees.
He would like to stock more quality dairy cows in future. He appreciates Juhudi's efforts of not just availing loans but also caring about the social being of the clients.
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.