Soy, 38, is a dairy farmer from Litein town in Rift valley Kenya. He is married with four children who are between the ages of eight and sixteen years. All the children attend school. He has been practicing dairy farming for ten years now and employs one farmhand. He sells his milk to the local market and to a nearby tea estate.
He has requested a loan of 50,000KES through Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. He says that this dairy cow will increase his security for future loans and increase his income through the sale of milk. He would like to buy land to plant more pasture in the next five years. His primary challenges are poor infrastructure, lack of enough animal feeds and lack of professional services like artificial insemination.
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.