Caleb has a mixed farm in Kisii town, western Kenya. He has been practising mixed farming for ten years and has employed one farmhand. His main products are milk, sugarcane and maize which he sells locally. He also earns income from his rental houses in the same location.
Caleb is 52 years old and married with 4 children between the ages of 19 and 30. Two of the children attend school.
Caleb has requested this loan of 45,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says that this dairy cow will enable him to supply his family with enough milk for consumption and therefore reduce the expense of buying milk. The extra income from the sale of milk will be used to pay school fees for his children.
In future, he plans to improve his farming to large-scale farming and acquire two other dairy cows. His major challenges have been poor climatic conditions, lack of trustworthy workers, and delayed payment by the sugarcane companies. He says that Juhudi is doing good work by providing farmers with loans and should target people at grassroots so as to improve their lives.
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.