Henry is 53 years old and married with nine adult children, one of whom is currently attending school. For over ten years, he has been practicing mixed farming. His farm is located in Kisii town, western Kenya, and he produces tea, milk, and eggs which he sells to the local market. Henry mainly depends on the income from his farm to provide for the needs of his family. His major challenge is the lack of reliable markets for his products.
Henry has a good record with Juhudi Kilimo and has successfully repaid a previous loan of 45,000 KES. He is requesting a loan of 70,000 KES to purchase a dairy cow. The loan will enable him acquire a quality dairy cow to improve milk production and provide enough milk for both domestic consumption and sale. Henry hopes to expand his farming activities and increase his productivity.
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.