Philip is twenty-six years old and married with two children. He is a farmer from Kitale town in western Kenya. He has been in the farming business for ten years now. His mixed farm produces maize, milk and beans, which are all sold locally. He is also employed as a taxi driver.
Philip has made a loan request of 62,400 KES (Kenyan shillings) in order to purchase and insure a dairy cow. This loan will enable him to acquire a quality dairy cow that will produce enough milk for domestic consumption and sale. He plans to acquire more land that will enable him to expand his dairy farming. He faces the challenge of competition and a poor transport network that affects his income. He is optimistic that the proceeds from the sale of milk will enable him to secure a good future for his kids.
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.