Alloys has been in mixed farming for ten years in his rural home in Kisii where he produces and sells mainly maize and milk to the local market. He has employed one farmhand. He is married with five children aged between 15 and 3 years. He gets additional income from his employment as a subordinate staff person in a local school.
Alloys has requested a loan of 70,000 KES from Kiva partner Juhudi Kilimo to buy a dairy cow. He says this will improve his farming income and ease the education of the children and provision of the family's daily basic needs.
Alloys notes financial scarcity as the major challenge to many farmers including himself. He, however, remains optimistic his farming business will continue to grow.
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.