Edward is a 31-year-old farmer in Kitale, Kenya, where he lives with his wife and two children who are both in school. He has been farming for the past ten years, producing maize, sugarcane, tomatoes, vegetables, and milk, which he sells at the local market in his area.
He is requesting a 52,000 KES loan from Juhudi Kilimo to buy and to insure a dairy cow from which he will sell milk to earn extra income that will help him to improve his living standards and to pay school fees. He hopes to have six dairy cows within the next five years.
Poor road networks and poor prices for produce are his major challenges in farming.
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.