Julius is a farmer in Murang’a, Central Kenya. He is 52 years old, married, and has two adult children. He has been farming for 20 years. His farm produces tea, coffee, and milk, which goes to the local market.
Julius has requested a loan of 63,600 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says the loan will improve his income and reduce his dependence on his children. He says he wants to own six dairy cows.
Julius says Juhudi has made it easier for farmers to create wealth.
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.