John is 60 years old and has been doing mixed farming for 20 years in his hometown of Kisii in Western Kenya. His crops of tea, maize, and bananas are sold locally, with tea going mainly to Kenya Tea Development Authority. He has 7 children. Six are still in school.
John applied for this loan of 40,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says the dairy cow will provide milk for family consumption as well as income. John’s plans include buying more dairy cows of better quality, and putting up a retail building. He does brick making for additional income.
Animal diseases and inadequate finances are the greatest threats to business.
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.