Justus has a mixed farm in Nkubu town, eastern Kenya that produces bananas, maize, cabbages, tomatoes and milk, which are sold locally. He also owns a shop in the same area. He has requested this loan of 70,000 KES from Juhudi Kilimo to purchase a dairy cow. The extra income from this loan will help improve the living standards of his family. He plans to specialize fully in dairy farming by acquiring two more dairy cows and constructing a better zero grazing shed. Justus is 57 years old and married with three adult children.
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.