Joseph is aged 74 and is a father of ten adults. He is a resident of Kisii IN South Rift Kenya where he has been in active farming for over fifteen years. He runs his farm with four farmhands and produces milk and bananas for the local market.
Joseph has requested a loan of 70,000 KES from Juhudi Kilimo to buy a dairy cow. He had previously acquired a loan of 45,000 KES which he successfully paid back. He says he will use the additional income to improve his family living standards and financial security.
He says the major challenge in farming remains lack of capital.
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.