Clement is a resident and a farmer in Nkubu, Central Kenya. He is a teacher by profession and has been practicing farming for the the last 11 years. His farm currently produces milk, bananas, coffee and maize all of which go to the local market.
Clement has requested for a loan of 63,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says he wants to save the income from farming to enable him buy and build a residential house for his family as well as improve on the quality of dairy cows he rears.
He is happy with Juhudi Kilimo’s facilitation with farming loans. He however sees poor markets for the farm produce and scarcity of feeds as the major 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.