Charles is 47 and married with six children between five and 18 years old. He is a farmer in Kisii Town in South Rift, Kenya, who practices mixed farming. Charles has been a farmer for the past twenty years. He employs two farmhands who work on his farms which produce tea, milk, and bananas for the local market. His retail shop compliments his farming income.
Charles is requesting a loan of 45,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He is currently focusing on rearing dairy cows and hopes to own five good quality dairy cows in the near future. His greatest business challenges are price fluctuation and disease. Charles says that more productive breeds will ensure a good milk supply for his family’s consumption and generate income to educate his children.
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.