Stephen is 32 years old. He is married with three children who all attend school. He is a farmer from Nyamira Town in Western Kenya. He has been farming for ten years and employs six farmhands. His products are tea, milk, maize and beans which he sells locally.
He also earns money from his chemist business which he operates in the same region.
He has requested this loan of KES 45,000 from Juhudi Kilimo to purchase and insure a dairy cow. This loan will enable him to acquire a quality dairy cow that will increase his milk production. The extra income from the sale of milk will enable him to pay school fees for his children.
His main challenges have been unreliable workers and poor weather conditions, especially hailstorms which destroy his crops.
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.