David is married with seven children between 27 and nine years of age. Four of his children are still in school.
In addition to his business selling household goods in the local market, David is a farmer whose products include milk and tea. He has been farming for twenty years and now engages the services of a farmhand. Persistent droughts and undeveloped markets limit his potential success in his farming.
David has requested a third loan of 80,000 KES from Juhudi Kilimo to buy two dairy cows. He is planning on buying more dairy cows in the future with subsequent loans from Juhudi Kilimo.
David says these loans have enabled him to provide his family with basic needs. He is grateful to Juhudi Kilimo for their financial services.
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.