Zachariah is forty-eight years old and married with eight children between the ages of 3 and 23 years old. Five of his children currently attend school. He has been farming for twelve years in Kisii, western Kenya. His farm produces maize, beans, vegetables, sugarcane, and coffee, which are sold locally. His major business challenges have been low market prices for farm produce and pests and diseases that affect his production.
He has requested a loan of 40,000 KES through Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will help him improve his family's livelihood. He plans to expand his dairy farming in the future and also to own a posho mill.
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.