Joash is a farmer from the town of Nyamira in western Kenya, where he has been farming for 6 years. His mixed farm produces tea, which he sells through Kenya Tea Development Authority, and vegetables, which he sells locally. He is also employed as a casual laborer in the same region.
Joash has requested a loan of 45,000 KES through Kiva's partner, Juhudi Kilimo, to purchase and insure a dairy cow. The extra income from this loan will help pay for his children's school fees and improve his family's livelihood. Joash faces the challenges of pests, diseases and lack of farm supplies such as fertilizers, all of which affect his production. Joash is 27 years old and married, with 3 children between the ages of 3 and 6.
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.