Julius is 40 years old and the father of six children age between the ages of three and 13. For the past seven years, he has been a farmer and his farm provides milk and maize for the local market. Julius laments the high costs of production in his area and the unreliable rain.
Julius is requesting a 41,600 KES loan from Juhudi Kilimo to buy and insure a dairy cow. He hopes his increased income will meet his daily family needs and make life more bearable. Julius is focusing on doubling the number of his dairy cows in five years.
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.