Joseph is age fifty. He farms in Kisii county in Kenya, where he lives with his wife and two children who are both schooling. He has been in farming for the past eight years, producing milk, bananas, tea and sugar cane that he sells at the local market in his area. Poor markets, poor roads and natural calamities are his major challenges in farming. He runs a retail shop as an additional source of income.
He is requesting a 40,000 KES loan from Juhudi Kilimo to purchase a dairy cow, which will give him more milk to sell. That means he will earn extra income that will help improve his livelihood. He will use some of the money to pay for his children's education. He aspires to own a posho mill in the next five years.
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.