Richard is 43 years old. He is married with five school-aged children who all attend school. He is a farmer from Kisii town in western Kenya. He has been practicing mixed farming for the last twenty years. His farm produces tea which he sells through Kenya Tea Development Agency and maize which he sells locally.
He has requested this loan of 25,000 KES through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from the sale of milk will help him pay school fees for his children. In the future, he would like to acquire more dairy cows that will increase his production and enable him to maximize profits from the sale of milk.
He is grateful to Juhudi for giving loans to farmers, and urges them to consider the plight of other farmers not yet reached.
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.