David, 46, is married with nine children. Six of the children are currently attending school. He is a small-scale farmer from Kitale county in western Kenya, where he has been farming for fifteen years now. His mixed farm produces maize, vegetables and sugarcane, all of which are sold in the local market. He solely depends on the income from farming to cater to the needs of his family. However, he faces the challenge of diseases that are too expensive to treat and a poor transport network that affects his income.
David has made a loan request of 62,400 KES to purchase and insure a dairy cow. This loan will enable him acquire a quality dairy cow that will produce enough milk for domestic consumption and sale. The proceeds from the sale of milk will enable him improve the livelihood of his family. He hopes that in the near future he will have expanded his farm to five acres and acquired six dairy cows.
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.