Julius is a resident and a farmer in Litein Town in South Rift, Kenya and has been in mixed farming for twenty years. His farm produces milk and tea which is sold to the local market. He has two farmhands in his farm. He is married with eight children, six of whom are schooling.
Julius has requested a loan of 50,000 KES from Juhudi Kilimo to enable him to purchase and insure a dairy cow. He says the dairy farming will help him educate his eight children including the two who have not begun their education.
Julius say access to animal feeds is his greatest challenge since sometimes they are quite expensive. He is however appreciative of Juhudi Kilimo for the loan services.
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.