Benson is 29 years old and married with three children whose ages range from five months to ten years. Benson has been in the farming business for five years and sells his milk and eggs to the local market.
He has requested a loan of 31,200Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will enable him to improve his family's standard of living. His biggest challenge has been diseases that affect his dairy farming. He plans to acquire two more dairy cows and a motorcycle in the next five years.
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.