Gerishom is aged 37 and married with 3 children between the ages of 2 and 12. Two of the children are currently attending school. He is a farmer from the town of Kitale in western Kenya. He has been in the farming business for 15 years now and employs two farmhands. His mixed farm produces milk, 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.
He has requested for this loan of 62,400 Kes to purchase and insure a dairy cow. The extra income from the sale of milk will enable him to improve his family's livelihood and pay school fees for his children. He plans to acquire at least ten dairy cows in future with a target of 100 liters of milk daily.
His major challenges have been animal diseases and shortage of animal feed during the dry season. He also faces the challenge of transportation and lack of stable market for his milk.
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.