Thomas is 29 years old and resides in his rural home in Kisii, South Rift, Kenya, with his wife and two children. He has been a farmer for seven years, producing and selling bananas, maize and milk.
He has requested a loan from Juhudi Kilimo of KES 41,600 to purchase and insure a dairy cow. The addition of a dairy cow will increase his level of income and improve his business. He expects to have a high yield and an improved production. His business challenge is a lack of market in the local area.
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.