Joel is the father of two children aged 12 and two years. He resides with his family in their rural home in Nkubu in central Kenya. He has actively practiced mixed farming in this area since he became an adult. His family’s basic needs are met through his farming income. His farm currently produces bananas, coffee and cereals for the local market.
Joel has requested a loan of 47,250 KES from Juhudi Kilimo to buy and insure a dairy cow. He believes that good farming methods and the acquisition of better breeds will increase his farming income and enable him to adequately meet his family’s basic needs. In the future, he wants to buy more land to expand both his banana and coffee plantations.
He says that pests and diseases have been the worst challenges with cereals and coffee farming respectively.
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.