Richard is age 33 and married with four school-age children who all attend school. He has been practicing mixed farming for the last eight years in his hometown in western Kenya. His mixed farm produces sugarcane, nappier grass and bananas which he sells locally. He is also a businessman.
With this loan of 40,000 KES, he intends to purchase and insure a quality dairy cow that will produce enough milk for domestic consumption and sale. The extra income from this loan will help him pay school fees for his children and improve his family's livelihood.
He faces the challenges of insufficient animal feeds and fluctuating weather conditions which affects his production.
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.