Charles is age 57 and married with 14 children, all adults save for the last two who are still schooling. He has been in farming for 23 years and currently produces maize, poultry, horticultural products and milk, which are all sold locally.
Charles has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow. He says this will improve his milk production and enable him to meet the education needs of the last born children. He aspires to have a bigger number of dairy cows and supply the entire local market.
He laments of the high cost of capital and unreliable rains.
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.