Francis is a farmer from the town of Kitale in western Kenya. He has been practicing mixed farming for three years now. He sells his milk, eggs and sugarcane to the local market. He also earns income from his motorcycle transport business in the same area.
Francis is twenty-one years old and single.
He has requested a loan of 31,200 KES through Kiva partner, Juhudi Kilimo, to purchase and insure a dairy cow. The extra income from this loan will help improve his livelihood and expand his business. He would like to acquire five more dairy cows and a chuff cutter in the next five years. He faces the challenge of the high cost of artificial insemination services for the cows.
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.