William is 48 years old. He is married and has seven children with ages ranging between 2 and 14. All the children attend school. He is a farmer from the town of Litein in Rift Valley, Kenya. He has been farming for eight years and has employed one farmhand. His main products are milk and tea, which he sells to Kenya Cooperative Creameries and a local tea factory respectively.
William has requested this loan from Juhudi Kilimo of 80,000 Kenyan shillings to purchase a dairy cow. This being his third loan, he says that it will increase his milk production and earn him more income. He says that the extra income from this loan will help him pay school fees for his children and uplift their living standards.
William says that his major challenges have been diseases and an unreliable market for his products. He hopes, however, that in five years' time, he will have acquired more dairy cows and built a modern dairy unit.
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.