Moses, age 51, is a farmer in Kitale, Kenya. He has been involved in farming for the past 10 years and it is his only source of income. His farm produces milk, vegetables, and eggs, which are sold at the local market.
Moses has requested his first loan through Juhudi Kilimo in the amount of 61,600 KES. 41,600 KES will allow him to purchase and insure a dairy cow, and 20,000 KES will assist him in constructing a dairy unit for the same. He says the loan will enable him to generate income, provide for his family's basic needs, and improve their living standards.
Like other local farmers, Moses notes that finances for farmers are hard to come by, and he appreciates Juhudi Kilimo's intervention on their behalf.
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.