Solomon is a dairy farmer who lives in the town of Kitale in western Kenya. He has been farming for three years and has two employees. His main product is milk, which he sells in the local market. He also earns income from his small-scale farming of maize. He has requested a loan from Juhudi Kilimo to buy and insure a dairy cow. The proceeds from this loan will help him pay school fees for his children and provide for the basic needs of his family. He says that his major problem has been various diseases which are costly to treat. In the future, he would like to acquire five high-quality dairy cows able to produce more than 60 litres of milk daily.
Solomon is 35 years old. He is married and has been blessed with four children who range in age from 2 to 11. Three of his children are currently in 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.