Bartholomew is 59 years, married, and has eight children. He has been a farmer for 30 years. He runs his farm with the help of one farmhand. He earns additional income from his low-cost rental housing, which he says was built with his savings from farming income.
Bartholomew is requesting his fourth loan for 40,000 KES from Juhudi Kilimo, which he will use to buy a dairy cow. Juhudi Kilimo loans have been his main source of farming assistance and income growth. The income will enable him see the last born child through school. Animal diseases and insufficient capital remain his challenges.
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.