Johnson K. is 60 years old and a farmer from Kisii town in western Kenya where he has been farming for 35 years. His main products are milk, chickens, bananas, maize, and tea, which he sells at the local market and through the Kenya Tea Development Authority. He also depends on his pension pay to cater to the needs of his family. His major challenges in farming have been unpredictable weather conditions and poor market prices for his products.
He has requested a loan of 45,000 KES through Juhudi Kilimo to purchase and insure a dairy cow. He says that he will be able to acquire another asset for his family and that they will also be able to get enough milk for domestic consumption and sale. He plans to venture into transport business in the future.
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.