Colly is a farmer and a father of one child, aged 6, who is in schooling. Colly has been in farming for 12 years. He employs one farmhand and is producing mainly bananas, tea, coffee and milk for the local market. He does lumbering too.
Colly has requested a loan a loan of 70,000 KES, from Juhudi Kilimo, to help him buy a dairy cow and a chuff cutter to ease the feeding of his dairy cows. He has long term plans to expand his farm and later to even install an irrigation system on his farm.
He sees lack of enough water for farming as a challenge.
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.