Dickson is a resident of Kitale in Western Kenya and has been in active farming for three successive years. His farm currently produces milk, eggs and vegetables for the local market. Besides farming he gets additional income from his motorcycle transport business.
Dickson has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow. He says this will increase his milk output to meet both family demand and earn additional income from sales to meet other basic needs.
However, he points out poor weather conditions as a major 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.