John is a father of 6 adult children and lives in Murang'a area of Central Kenya where he has been into active farming for 10 solid years after his retirement from formal employment. He gets additional income from a pension scheme.
John has requested a loan of 84,800 KES from Juhudi Kilimo to buy a pedigreed dairy cow. He says he wants to raise only the best breeds to ensure he gets high returns. He previously acquired a loan of 50,000 KES which he repaid promptly. He hopes to improve his living standards with the loan and adds that the skills he has acquired in 10 years of active farming will be a great help.
John feels that the high cost of feeds is the major undoing in farming.
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.