John is a resident and a farmer in Nkubu, Central Kenya and has been in farming for the last 31 years. His farm produces beans, onions, maize, wheat and tomatoes which he sells locally. He is 44 and married and has four children aged between 20 and 2.
John has requested a loan of 47,250 Kenyan Shillings (KES) from Juhudi Kilimo to purchase and insure a dairy cow. He says the income will enable him to expand his farming activities and generate more income to educate his children. His focus is to buy land for expansion.
He adds that Juhudi Kilimo loans are a source of livelihood to many farmers. He still sees insufficient rains as a challenge 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.