Kimutai is a 23-year-old farmer from Litein county in Kenya, where he lives with his wife and one young child. He has been in farming for the past four years, producing milk, tea and vegetables, which he sells at the local market. He is also employed in another job as an additional source of income.
Kimutai is requesting a 60,000 Kenyan shillings (KES) loan from Juhudi Kilimo to purchase materials for constructing a dairy unit. This will help him to manage his dairy cows in a better way and thus increase milk production. The extra income will help him boost his living standards and pay for her child's schooling. He aspires to buy another cow that produces more milk in the next five years.
A readily available market and strong competition are his major challenges in farming. Kimutai is grateful to Juhudi Kilimo for the support it offers its clients.
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.