Alfred is 25 years old. He is married and has two children, both under the age of four years. He has had five years of farming experience in his rural home in Litein, South Rift, Kenya and currently produces milk and tea for the local market. He also subsidizes his farming income with a bicycle transportation business known locally as "boda boda."
Alfred has requested a loan of 45,000 KES from Juhudi Kilimo to buy a chuff cutter (a machine that cuts corn husks or stovers into smaller pieces) and a modern dairy unit for his growing number of cows. He says the chuff cutter will ease the feeding of the dairy cows as well as reduce waste on feed that is hard to come buy. He adds the modern dairy unit will provide shelter for his growing number of cows. Alfred indicates lack of capital is the major business challenge he faces. Through his farming activities, Alfred is able to meet all his family obligations.
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.