Moses is a farmer in Kitale, age 35 and married. He has two children with the first born already attending school.
He has been in farming for 15 years and currently sells his farm produce, which includes maize, beans and peas, to the local market.
Moses has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow. He says there is ready market for milk and the milk produce will also be used to supplement the family's basic needs. His main desire remains giving his children good education and he has every hope he will succeed with effective farming.
He says that the poor roads network in the region remains a challenge to many farmers but he is optimistic his transport business which he carries out besides farming to supplement farming income will really mitigate the challenges of high transport costs many farmers have to contend with. He too appreciates Juhudi Kilimo's efficiency in loan processing.
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.