Thomas is 51 years old. He is married and has 4 children between the ages of 16 and 26. Three of the children are currently attending school.
Thomas has been operating his mixed farm in Kitale town, Western Kenya for 15 years and has employed one farm-hand. His farm produces maize, milk and beans which he sells to the local market. He solely depends on the income from his farming business to cater for the needs of his family.
Thomas recently completed his second loan from Juhudi Kilimo of 70,000KES and has requested this loan of 71,200KES to purchase and insure a dairy cow. He says that with this loan he will be able to buy a good dairy cow that will produce enough milk for domestic consumption and sale. The profits from this loan will help him pay school fees for his children.
In future, he plans to have 5 dairy cows and goats and be the main supplier of milk to the local market.
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.