David is a farmer in Nyamira and is also employed in a local tea factory. He has been practicing mixed farming for 7 years, selling his tea to the Kenya Tea Development Authority, while milk, maize, beans and bananas go to the local market.
David has requested a loan of 46,800 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says he will use the income to improve his family living standards and the milk to supplement the family meals. David is optimistic he will be able to buy more dairy cows and expand his farm by purchasing more acreage. David says marketing products and animal feeds are the challenges that need to be addressed for future growth of his farming business. He is looking forward to paying the loan to acquire more.
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.