Geoffrey is a father of three children who are five, four and three years old. He lives with his family in Litein, South Rift Kenya. His farm produces milk and tea for the local market.
Geoffrey has requested a loan of 45,000 KES from Juhudi Kilimo to buy a dairy cow. He says this will improve his milk output and ease provision of basic needs for the family.
He laments of drought and the high costs of capital as being the major challenges.
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.