Shadrack is 48, married, and has three children between 24 and 14, with the youngest still schooling. He has been in farming for 31 years in Nkubu, Central Kenya producing and selling potatoes, beans, maize and wheat for the local market.
Shadrack has made a loan request of 52,500 Kenyan Shillings (KES) from Juhudi Kilimo to purchase and insure a dairy cow. He says he will use the additional income to boost his cereals retail business as well as build a modern dairy unit for his cows. He adds that his family's living standards will also be improved.
He cites pests as the greatest threat to farming.
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.