Evans is 22 years old and single. He is a farmer from the town of Nyamira in western Kenya. He has been farming for four years. His mixed farm produces coffee, maize, and beans, which are all sold locally. He earns additional income from selling shoes to the local market.
Evans has requested a loan of 45,000 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The supplementary income he will generate from the sale of milk will be saved for his future projects. His primary business challenges are the shortage of fertilizer and lack of access to capital for expansion. In the future, he plans to buy an acre of land and expand his coffee plantation.
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.