John is a dairy farmer from Murang'a town in central Kenya. He has been farming for the last 10 years. His mixed farm produces milk which, he sells through Kenya Cooperative Creameries, and tea which he sells through Kenya Tea Development Authority. He is 37 years old and married with a nine-year-old child who is currently in school.
John has requested this loan of 60,000KES from Juhudi Kilimo to purchase a chuff cutter and a water pump. He says that these assets will help save time looking for animal feed and water so increasing production. His biggest challenges are poor markets and lack of enough funds to purchase a pure breed since they are very expensive. In future, he hopes to process and package his own milk.
He comments that Juhudi is doing a commendable job with small-scale farmers by funding their projects.
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.