William is a farmer and a father of 7 children with the last three still in school. He lives with his family in the Kitale area of Western Kenya where he has been practicing mixed farming for 30 years. He currently employs one farmhand and produces beans, maize, milk and vegetables for the local market.
William has requested a loan of 52,000 KES from Juhudi Kilimo to enable him to purchase and insure a dairy cow. He says farming has been his sole source of income and the loan will enable him to provide his family with increased income. He wants to acquire three more dairy cows in the future.
William acknowledges the challenge posed by fluctuating milk prices and rampant animal diseases.
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.