Ong'angi is 36 years old and married with four school-aged children who all attend school. He is a farmer from the town of Kisii in western Kenya where he has been farming for eighteen years. He sells his maize, beans, vegetables and tea to the local market and through Kenya Tea Development Authority. Ong'angi is also a primary school teacher.
Ong'angi is requesting a loan of 45,000 KES through Juhudi Kilimo to purchase and insure a dairy cow. The income from the sale of milk will go towards the education of his children. Ong'angi’s biggest business challenges have been diseases, poor weather conditions, and poor infrastructure. In future, Ong'angi plans to acquire a vehicle to help him transport his products to the market. He also plans to open a big retail shop.
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.