Philiph has a dairy farm on the outskirts of Litein town in Rift Valley, Kenya. He has been managing his farm for four years and has employed one farmhand. He sells his milk to the local hotels. He also earns income from the sale of tea and from his masonry business.
Philiph has requested this loan of 20,000 Kenyan Shillings to purchase and insure a dairy cow. He hopes that his income will increase and enable him to meet the needs of his family. He plans to acquire more dairy cows, going from the current three to five, and build a modern dairy unit in future. His primary challenges have been animal diseases and the lack of good markets for milk.
Philiph is 49 years old. He is married with 6 children who are between the ages of 2 and 24. Two of the children attend school.
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.