John I., 36, is a married father of three children aged two months, four and eight. He has been practising mixed farming for the last three years in his home town of Nkubu in eastern Kenya. His mixed farm produces bananas, miraa, maize and beans, which are all sold locally. He mainly depends on the income from his farm to cater for the basic needs of his family.
John has requested this loan of 36,750 KES through Kiva partner, Juhudi Kilimo, to purchase and insure a dairy cow. He says that with the dairy cow he will acquire, his family will be guaranteed enough milk for domestic consumption and sale. The extra income from the sale of milk will enable him to pay school fees for his children. His primary challenges have been pests and diseases, unpredictable weather and lack of enough water. In future, he plans to acquire three more dairy cows and move from the local banana farming to tissue culture banana farming.
John says that Juhudi is the most efficient microfinance institution in the region.
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.