James is married and has three children. They reside in Kisii. He has been in the farming business for 12 years, producing bananas, maize, and milk. Besides farming, he is a teacher.
He has requested a loan from Juhudi Kilimo of KES. 62,400 to purchase and insure a dairy cow. This will boost his income because there will be an increase in milk production. He expects high yields and improved productivity. He has a major challenge of lack of a stable local market for his products.
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.