Mutai is a dairy farmer from Litein in Rift Valley, Kenya. He has been in the dairy business for 5 years and employs one farmhand. He sells his milk at the local market and a local tea estate. He also earns income from his small-scale farming of tea.
Mutai is 39 years old and married. His four school-aged children all attend school.
He has requested a loan of 40,000 KES from Juhudi Kilimo, a Kiva field partner, to purchase and insure a dairy cow. The extra income from this loan will help meet the basic needs of his family. He plans to acquire a high-yield dairy cow in the next five years. His major challenge has been lack of funds to expand his farming activities.
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.