Denis is 20 years old. He is married and has a 1 month old baby. He has been farming for 3 years and employs one farmhand. He sells his maize, beans and milk to the local market. He also operates a kiosk in the same area. His biggest challenge has been unpredictable weather patterns that affect his crops.
Denis has requested this loan of 45,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says that the income from this loan will help improve his family's living standards. He hopes to increase the number of his dairy cows and buy more land in the future. He comments that if he continues with Juhudi, he believes it will improve his life by far as compared to the present.
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.