Timothy is aged 37 and married with five children aged between thirteen and five years. He has twelve years in farming within his rural area in Western Kenya where he lives with the family. His farm produces maize, beans, vegetables, and milk for the local markets. Maize has been his main produce and helps him meet a major part of his family needs.
Timothy has requested a loan of 41,600 KES from Juhudi Kilimo to buy and insure a dairy cow. He hopes he will be able to generate enough income and establish a farm of seven dairy cows within five years. He says the diversification will help improve his farming income, which is usually challenged with seasonal fluctuation in maize prices. He adds that the income will help him a great deal in educating his children.
Timothy is, however, concerned with poor road networks, which make access to other markets expensive. He appreciates Juhudi Kilimo’s loan services.
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.