John is 52 and lives with his family of eight children in the Kitale area of western Kenya. Three of his children are still of school-going age.
John has been in farming for ten years and currently employs one farmhand on his farm. His farm produces milk, maize and yoghurt, which he processes himself for the local market.
John has made a second loan request of 92,000 KES with Kiva partner, Juhudi Kilimo. He will use the loan to purchase and insure a dairy cow at 52,000 KES and use the remaining 40,000 KES to construct a modern dairy unit for his dairy animals. He says the loan will increase his income and enable him to educate his children.
John mentions the high cost of animal feed and fluctuations in milk prices as the challenges in 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.