Edwin is 29 years old and single. He has been practicing mixed farming for the last four years in Litein town in Rift Valley, Kenya. His farm produces milk, which he sells to the local market, and tea, which he sells to Finlay factory. He employs one farmhand. He also earns income from his motorcycle transport business.
Edwin has requested a loan of 50,000 KES through Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. He says that this loan will enable him to acquire a quality dairy cow that will produce enough milk for sale. He will also be able to use this dairy cow as collateral to acquire more loans in the future. He says that his major challenges are a poor road network and lack of enough knowledge on animal diseases and feeds. He plans to build a modern dairy unit in the future and also acquire more high-yielding dairy cows.
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.