Zacharia, 30, is a dairy farmer from Kitale town in Western Kenya. He is married with four children aged between 2 and 7 years. He has been doing mixed farming for two years and selling his milk to the local market. He has employed one farmhand. He gets additional income from temporary employment in a local secondary school.
Zacharia has requested a loan of 31,200 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says he will use the income generated from this loan to pay for the education of his children. He is also focusing on owning five dairy cows in the future.
Zacharia laments that animal feeds have become very expensive due to scarcity.
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.