Joseph is a resident of Litein in South Rift, Kenya. He is the father of four children who are aged between nineteen and twelve. The youngest three are still schooling. He is himself aged forty-eight and has been in active farming for ten years. He gets additional income from his work as a security officer in a nearby secondary school. His farm produces milk and tea for the local market.
Joseph has requested a loan of 50,000 KES from Juhudi Kilimo,a partner of Kiva to help him buy a dairy cow. He believes the additional dairy cow will help increase his milk output and give better living standards for the entire family.
He says lack of funds to do farming in a more commercial way is the major undoing. He is glad though Juhudi Kilimo is mitigating the challenge.
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.