Joel, age 30, is a farmer in Kitale county in Kenya, where he lives with his wife and four children. All four children are enrolled in school. Joel has been involved in farming for the past six years, producing milk, eggs, beans, and maize. He sells these at the local market in his area. Poor infrastructure and lack of information about how to accomplish farming appropriately are his major challenges in farming. For additional income, he operates a taxi.
He is requesting a loan for 60,000 KES from Juhudi Kilimo in order to buy and insure a dairy cow. This will increase his milk production and also earn him extra income, which will help him boost his family's living standards. He will use some of the money to pay for his children's schooling.
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.