Ngetich is a dairy farmer in the town of Litein in the Rift Valley of Kenya. He has been in the farming business for four years and employs one farmhand. He sells his milk through Kenya Cooperative Creameries. He is also employed and earns income through the sale of tea.
Ngetich has requested a loan of 50,000 KES through Juhudi Kilimo to purchase a dairy cow. He says that this loan will enable him to acquire a dairy cow that will be used as security for future loans. The extra income from this loan will enable him to be an independent person. He would like to build a modern dairy unit and increase his production over the next 5 years. Ngetich is 26 years old and single.
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.