Cheruiyot is 30 and has been in dairy farming for eight years, with his milk production sold to the local market in his home area of Litein, South Rift Kenya. He is married and runs a motorcycle transport and retail shop business besides farming. (He is captured here on one of his motorcycles for transport business although he is requsting a dairy loan.)
Cheruiyot has requested a loan of 50,000 Kenyan Shillings (KES) from Juhudi Kilimo to buy a dairy cow. He says the dairy income will help him improve his family income and living standards. He has high hopes that his business will continue to grow in the future, so that he will be able to make farming his core business.
He laments the fluctuation in market prices.
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.