David, 45, is married with six children, five of whom attend school. He has been practicing dairy farming for more than 10 years and employs one farmhand. He sells his milk to brokers in Litein town. He also earns income from his small-scale farming of tea which he sells locally.
He has requested a loan of 80,000 KES through Juhudi Kilimo to construct a zero-grazing unit, or animal pen. By constructing this unit, he will be able to improve his farming and this will increase his milk output. He says that his biggest challenge has been the poor breed of cows he owns. He would like to improve the quality of his dairy cows to increase his milk production.
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.