George, 51, is a farmer in Nyamira town in Western Kenya. He is married with seven children between 3 and 22 years old. Five of the children are still in school. His mixed farm produces tea, which he sells through Kenya Tea Development Authority and beans, onions and milk, which are sold to the local market. He also relies on his pension pay to cater to the basic needs of his family.
He has requested a loan of 45,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He hopes the income from the dairy project will cater to the education of the children still in school. He is focusing on acquiring more acreage to expand his farm and requesting more loans in the future.
He, however, laments that the markets are not offering good prices and pests and diseases are a great challenge to business.
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.