Dominic is a farmer in Murang’a in Central Kenya where he has been farming for twenty years and currently runs his farm with the help of one farmhand, producing and selling milk and French peas.
Dominic has requested a loan of 50,000 KES from Juhudi Kilimo to buy a chaff cutter to help in easy feeding of his dairy animals. He adds the equipment will help reduce the waste on dairy feed. He plans to buy more dairy cows in the near future.
Dominic says instability in the market, especially for milk, with fluctuation in prices remains a serious 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.