Ephantus is a resident of Murang'a and has been in active farming for 15 solid years. His farm currently produces coffee, tea, and vegetables for the local market. He says his family fully relies on farming income for their daily upkeep. He is married with one child aged three.
Ephantus has requested a loan of 63,600 KES from Juhudi Kilimo to buy and insure a dairy cow. He says he wants to venture into dairy farming and plans to expand it to a capacity of 100 liters per day in under five years. He adds that the business could do well since there has always been a ready market for milk in the region. He hopes to uplift his family's living standards with the farming income.
He too laments of high cost of feed for the animals.
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.