Moses is a hardworking farmer from the town of Kitale, Western Kenya. He has been practicing mixed farming for the last ten years and sells his maize, beans, vegetables, milk, and bananas to the local market. He also earns income from his hotel and butchery which he operates in the same area. He also keeps poultry so he earns income from the sale of eggs.
Moses has requested this loan from Juhudi Kilimo of 62,400 Kenyan Shillings to purchase and insure a dairy cow. The proceeds from the sale of milk will help in paying school fees for his children and their health will improve since they will have enough milk for consumption.
Moses is 34 years old. He is married and has been blessed with four children between the ages of 2 and 13. Three of the children are currently attending school. In the future, he would like to own a pick-up truck to assist in the transportation of milk.
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.