Richard is a farmer in Litein in South Rift Kenya and has been in farming for 12 years, producing tea and eggs and selling to the local market. He employs the services of two farmhands in the farm. He is married with 5 children, ages between 5 and 15 years.
Richard has made a request a loan of 20,933 KES from Juhudi Kilimo to purchase and insure a dairy cow. He is planning to grow the business and set up a modern dairy unit.
Richard mentions expensive labor and poor infrastructure as the challenges in a farming business.
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.