Alfred is a farmer and the father of six children, four of whom are already schooling. He has been in farming for ten years and currently produces milk and eggs for the local markets. He notes the major challenge in farming is caused by animal diseases.
Alfred has made a loan request amounting to 41,600 Kenyan shillings which he will use to buy and insure a dairy cow. He hopes to have a farm of four dairy cows and rank among the major suppliers for the two products.
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.