Kipkoech is 25 years old. He is a farmer who lives in Litein county in Kenya. For the past six years, Kipkoech has been a mixed farmer who produces tea and milk which he sells at the local market in his area. He also owns a motorbike and runs a transportation business as an additional source of income. Kipkoech's major farming challenges are inadequate finances and high competition.
Kipkoech is requesting a 40,000 KES loan from Juhudi Kilimo to purchase materials for constructing a zero-grazing unit that will help him take better care of his dairy cows and improve his income. He will use his loan to improve his living standards and his farming business. In the next five years, Kipkoech hopes to buy another motorbike to use to transport his produce to market.
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.