Gibson is 25 and married with four children between one month and five years old. Two of his children attend school. For the past three years, Gibson has been a farmer in Litein town in the Rift Valley in Kenya. He employs one farmhand and sells milk to Kabianga Dairies and tea to Finlay Factory in Litein.
Gibson is requesting a loan of 40,000 KES through Juhudi Kilimo to purchase and insure a dairy cow. He will use the proceeds from this loan to build a decent house for his family and pay school fees for his children. Gibson’s major business challenge has been the lack of animal feed. In the future, he plans to build a modern dairy and buy productive 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.