Wamalwa is age 48 and married with seven children between the ages of twenty-one and two years. He has been farming for seven years. He runs his farm with the help of one farmhand. He is also involved in a motorcycle transport business. His farm produces milk and vegetables which he sells within the local market.
He has requested a loan of 31,200 KES from Juhudi Kilimo to buy and insure a dairy cow. He says he hopes to get enough milk for family consumption as well generate more income from the milk sales to meet other family needs.
Wamalwa says the challenge remains animal diseases and food shortages during dry seasons. However, he remains optimistic with the farming business.
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.