John, a 39-year-old farmer, lives in Kitale county, Kenya, with his wife and two children, both in school. He has been farming for the past nine years, producing milk, maize and eggs, which he sells at the local market.
John is requesting a loan of 31,200 KES from Juhudi Kilimo to buy and insure a dairy cow. The cow will provide him with more milk products and earn him extra income to help boost his living standards and to pay for his children’s education. John's major farming challenges are the lack of readily available markets, diseases and poor roads. He hopes to have three good quality dairy cows in the next five years.
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.