Julius has been in mixed farming for 20 years at his rural home in the Nkubu area, Kenya.
His farm produce of maize, wheat, milk, beans and eggs are sold to the local market. He is a widower with three children aged 22, 13 and 6 years old.
He retails in cereals to supplement his farming income in providing the family's basic needs.
Julius has requested a loan of 75,000 KES from Kiva partner Juhudi Kilimo to buy a dairy cow and poultry birds. His long term plan is to expand his cereals business with income from farming and provide better living standards for his children.
Julius's challenges are manpower costs, which are usually high, an undeveloped local market to support farmer’s efforts and climatic conditions.
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.