Renson is engaged in mixed farming in the town of Kitale in western Kenya and has farming in this way for 30 years. He produces milk, maize, beans, and eggs, which he sells at the local market. He is married with nine children, all of whom are adults save for the youngest who is still in school.
He has requested for this loan of 61,200 KES from Juhudi Kilimo in order to purchase and insure a dairy cow as well as to expand his poultry farm. He says his increased milk production will ensure that the family lives more comfortably. He hopes to acquire more dairy cows in order to gain greater income in future.
Renson mentions fluctuating market prices, costly animal feed, and diseases as his major business challenges. He adds that Juhudi Kilimo has empowered people who are now able to save their 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.