Chepkwony is aged 33 and married with three children, aged between ten and four years old. He has been in farming for ten years and sells his farm produce of milk to the local Brookside Dairies and at the market where he also runs a retail shop business.
Chepkwony has requested a loan of 40,000 KES to buy a chuff cutter which will help in feeding his dairy cows and reduce the wastage of animal feeds. He adds that the additional income will improve the living standards of family.
Chepkwony says his main challenge is usually the fluctuation of farm produce prices and also advocates that Juhudi Kilimo intensifies the training for farming to equip farmers with better skills.
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.