Thomas is a sixty-year-old farmer in Kisii county, Kenya, where he lives with his wife and two children who are both in school. He has been dairy farming for the past seven years--he runs a sole proprietorship business as an additional source of income.
He is requesting a 62,400 KES loan from Juhudi Kilimo to buy and insure a dairy cow which will help in increasing his income from the milk he will sell and hence improve his standards of living and provide for the children’s school fees.
Financial constrains are his major challenge that he is facing.
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.