Evans, age 48, is married and has three children between the ages of 14 and 22. He is a farmer from the town of Kitale in western Kenya where he has been farming for 20 years. His main products are milk, maize, beans and sorghum, all of which are sold locally.
He has requested a loan of 61,600 KES from Juhudi Kilimo, a Kiva field partner, to purchase and insure a dairy cow and start a poultry project. The extra income from this loan will improve his family's livelihood and help him pay school fees for his children. Low market prices for milk and diseases have been his main challenges.
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.