Gilbert, 33, is a farmer in Litein County in Kenya, where he lives with his wife and two children who are all in school. He has been practicing mixed farming for the past seven years, producing tea and milk, which he sells at the market in his local area.
He is requesting a 50,000 KES loan from Juhudi Kilimo to purchase a chaff cutter that will help him in harvesting more food for his dairy cows, thus allowing them to produce more milk and earn him extra income to uplift his family's livelihood. He will use some of the profit to pay school fees for his children.
Lack of enough capital and drought are his major challenges in farming.
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.