Erick, 39, is a farmer in Litein County, Kenya, where he lives with his wife and two children who are all in school. He has been farming for the past ten years, producing tea and milk, which he sells at the local market in his area. He also runs a posho mill as an additional source of income.
He is requesting a 65,000 KES loan from Juhudi Kilimo to purchase materials to build a zero grazing unit that will help him take good care of his dairy cows, allowing them to produce more milk and earn him extra income that will uplift the family's living standards. He aspires to have bought another high breed dairy cow in the next five years.
High competition and lack of inadequate funds 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.