Anthony is twenty-eight years old and married with one 18 month old child. He is a farmer from the town of Kitale in western Kenya where he has been farming for 6 years. His farm produces milk, maize, beans, vegetables and potatoes which he sells to the local market. He mainly depends on the income from his farming to cater for the needs of his family.
He has requested this loan of 31,200 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says that the extra income from this loan will help him take care of the basic needs of his family and also invest in other businesses. Fluctuations in the market prices of farm produce and diseases which are too costly to treat have been his biggest challenges. In the future, he plans to venture into zero grazing and improve his milk production.
He hopes that Juhudi will continue funding farmers in order to improve their standards of living.
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.