Mathew (pictured next to his fish ponds) is 65 years old. He is married and has 6 children between the ages of 24 and 39. Two of the children are attending school. He is a farmer from Kisii town in Western Kenya. He has been farming for over 30 years and has employed one farm-hand. His farm produces maize, tea, beans, bananas, milk, fish and nappier grass which he sells to the local market. He faces the challenge of the high prices of farm material, lack of enough feed for the fish and poor prices for his products.
Mathew has requested this loan from Juhudi Kilimo for KES.60,000 to purchase a dairy cow. He says that this loan will enable him to expand his dairy activities and earn him income that will help him pay school fees for his children in college.
In the future, he would like to expand his dairy business and supply his milk in wholesale to other retailers. He says that through Juhudi Kilimo, he has been able to grow and really appreciates the support.
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.