Francis is a farmer from the town of Kisii in western Kenya. He has been practicing mixed farming for fifteen years and employs one farmhand. His farm produces tea, maize, beans, vegetables, bananas and milk, which he sells through Kenya Tea Development Authority and the local market. He also earns income from his business of selling dairy cows to the local market. His primary challenges have been diseases which are too costly to treat and the high cost of transport especially during the rainy seasons.
He recently repaid his previous loan from Juhudi Kilimo of 25,000 KES and has requested this loan of 50,000 KES to purchase a dairy cow. He hopes that his farming business will do well and that he will be able to open a cereals shop for his wife to supplement the family's income. He also plans to purchase a piece of land with the proceeds from this loan.
Francis is 40 years old and married with two children, ages 7 and 13, who both 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.