Charles is a dairy farmer from the town of Litein in Rift Valley Kenya. He has been in the dairy business for two years now and employs one farmhand. He sells his milk to the local market.
He has requested a loan of 25,000KES through Kiva partner, Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will enable him to meet the basic needs of his family. In future, he would like to buy land and plant more pasture and also improve the quality of his dairy cows. He faces the challenge of poor infrastructure and lack of enough animal feeds.
Charles is 21 years old and married with one child who is two years old now.
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.