Andrew is aged 41 and married with seven children, aged between twenty and one year old. He has been in farming in his rural home in Kitale, Western Kenya for over five years and employs one farmhand. His farm produces milk, maize and eggs for the local market. He also runs a motorcycle transport business.
Andrew has requested a loan of 82,000 KES from Juhudi Kilimo to buy and insure a dairy cow at 52,000 KES and build a zero grazing unit at 30,000 KES. This is his fourth loan with Juhudi Kilimo after the previous three of 10,000 KES, 45,000 KES and 80,000 KES respectively. He expects to get more returns from farming owing to his experience which runs to five years.
He reiterates that joining Juhudi Kilimo for its loan services has been a great boost to his milk production and income.
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.