Charles is a 47-year-old farmer in Nyamira county in Kenya, where he lives with his wife and three children. Two of his children have started going to school. He has been in farming for the past ten years, producing milk and tea that he sells at the local market in his area.
He is requesting a 60,000 KES loan from Juhudi Kilimo to buy a dairy cow, which will help him earn extra income. The extra income will uplift his living standards and enable him to pay for his children’s school fees. Within the next five years, he aspires to own a car for transporting his produce to the market.
Unpredictable climatic changes are his major challenge 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.