Gilbert is a dairy farmer in the town of Litein in Kenya's Rift Valley. He has been in the farming business for six years and he sells his milk to Brookside Company in Litein. He also earns income from his cybercafe in the same region.
He recently repaid a previous loan of 45,000 KES from Juhudi Kilimo. He has requested a loan of 80,000 KES to buy more milk for sale. This loan will enable him to expand his dairy business and to earn more income that will assist him in meeting his family's needs. He hopes that he will be able to fully establish his business in the next 5 years.
Gilbert is 30 years old and married, with one child who is now 9 months old.
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.