Fred lives in the Kitale area of the North Rift region. This land is known for its vast maize and sugarcane production. He is married and has six children, all of whom are school aged. He has practiced farming for ten years. His primary income is from tomatoes, beans, maize, and milk, which he sells at Chwele market. In addition to farming, he has a shop in Bungoma.
He wants to increase his production and therefore has requested a loan of 46,800 KES to finance his purchase of a dairy cow. This will lead to an increase in income, and as a result he will be able to pay for his children's school-fees.
In five years, Fred wishes to have grown to better level in terms of agricultural activities.
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.