Michael is a father of two children who are seven and five years old. He lives with his family in Kitale, Western Kenya where he has been actively engaged in farming for six years. His farm is currently run with the help of one farmhand and produces milk and maize, which are both sold locally.
Michael has requested a loan of 41,600 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says this will boost his farming income and enable him to meet his family needs. He aspires to have five dairy cows and supply his produce to Kenya Co-operative society, which offers better prices for milk.
He sees animal diseases as the greatest challenge in farming.
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.