Stephen is a farmer from the town of Kitale in western Kenya. He has been practicing mixed farming for the last ten years and employs one farmhand. His mixed farm produces milk, eggs and vegetables which are all sold to the local market.
Stephen is 55 years old and married with five children whose ages range from 16 to 32. Three of the children are currently attending school.
He has requested a loan of 31,200Kes through Juhudi Kilimo to purchase and insure a dairy cow. He says that with the dairy cow he will acquire, his family will be guaranteed enough milk for domestic consumption and sale. He plans to buy a posho mill in the near future to help supplement his farming income.
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.