Oscar is a resident of Litein. He is 23 years old and has been in farming for the last two years producing and selling tea, eggs and milk to the local markets. He currently employs two farmhands on his farm.
Oscar has made a first loan request with Juhudi Kilimo for 52,000 KES to help him purchase and insure a dairy cow. He says the cow will help him improve his production and expand his farming business with the savings he makes out of the income.
Oscar, though, laments about the animal diseases' costs as well as that of animal feeds. However, he appreciates Juhudi Kilimo’s loan services.
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.