David is 51 years old and married with seven children aged between 10 and 26. Five of the children are currently attending school. David is a dairy farmer from Litein town in Rift Valley, Kenya. He has been farming for 26 years. His farm produces milk, which is sold to the local market. He also earns income from his small-scale farming of tea, which is also sold locally. He mainly depends on the income from his farm to cater for the basic needs of his family.
David has a good record with Kiva partner, Juhudi Kilimo, after he successfully repaid his previous loan of 100,000 KES. He has requested this loan of 70,000 KES to purchase a dairy cow. He believes that, with the dairy cow he will acquire, his milk production will increase and this will earn him more income. He will use this income to improve his family's standard of living.
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.