Joseph N. is a farmer residing in Murang’a in Central Kenya. He has been practicing mixed farming for the last 10 years. He produces bananas, milk and cereals which he sells to the local market.
He has requested this loan of KES 60,000 from Juhudi Kilimo to buy a dairy cow. He hopes to improve his dairy farming and buy 3 more dairy cows, producing at least 80 litres of milk per day. This loan will generate extra income for his household. His main challenge is unstable prices for the milk
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.