David has been practising dairy farming for eight years in Litein town, Rift Valley, Kenya. He sells his milk to a nearby tea estate. He employs two people from his community. He also practises small-scale farming of tea which he sells to a local tea factory. He faces the challenges of lack of enough animal feed and a poor road network to the market.
David is 43 years old. He is married with seven children who are now between the ages of 2 and 18. Six of the children attend school.
David has requested this loan of 30,000 Kenyan shillings from Juhudi Kilimo to purchase and insure a dairy cow. He says that with an increase in the number of his dairy cows his production will increase, and this will earn the family extra income that will help pay school fees for the children. In five years' time, he hopes his business will grow into a profit-making business with five dairy cows that are productive. He is grateful to the company for their assistance.
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.