Fred is a farmer and a father of four children aged between one and ten years. He has been in active farming for nine years and currently sells his products, which mainly include milk, horticultural and poultry products, to the local markets. Fred also retails cereals, mainly maize and beans, which he sources from other local farmers for additional income.
He has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow. He believes the acquisition of an additional dairy cow will help him meet his family's daily needs and pay for the education of his children with much ease.
Fred says lack of adequate feed during dry seasons and animal diseases remain his main challenges.
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.