Joseph is a dairy farmer from the town of Litein, in Rift Valley Kenya. He has been practicing farming for the last fifteen years and employs one farmhand. He sells his milk to Kabianga dairies in his town. He also earns income from his small-scale tea farm, because he sells his produce to Finlay factory in the same town.
Joseph is 55 years old and married, with 6 children between 3 and 24 years old. Four of the children are currently attending school.
He has requested for a loan of 45,000 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from his milk sales will enable him to pay school fees for his children. He says that the lack of enough land and poor artificial insemination services have been his major challenges. He plans to improve his dairy farming in future by building a modern dairy unit and planting more grass for the animals eat.
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.