Francis has been practicing mixed farming in Murang'a town, central Kenya for thirty years. He has employed one farmhand. His farm produces coffee and milk which he sells locally. His biggest challenge in farming has been fluctuations in the market prices of products.
Francis is 56 years old and is married with 7 children who are all adults.
He has requested this loan of 53,000 KES through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will help him improve the living standards of his family. In the future, he would like to expand his dairy farming by acquiring quality dairy cows that will increase his milk production and earn him more income.
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.