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David
Meet David, a farmer living in the Siongiroi area of South Rift, Kenya. He is married and has five children, all of school-going age. He has been doing farming for eight years. His income source comes from the sale of milk, eggs, vegetable crops and tea; he also has a transport business using a motorbike.

David chose Juhudi Kilimo for this loan because they offer low interest rates on their loans, and they also offer a grace period on loan repayment. During the training, he learned that MFIs (microfinance institutions) assist small farm holders in ways of income generation. Because his highest expense is school fees, the dairy cow will provide more milk for income generation, and hence, cater for the school fees; it will also improve the family's living standards.

Additional Information

More information about this loan

Juhudi Kilimo works 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. This loan will provide an income generating agricultural activity for small-holder farmers to improve their standard of living.

Important Information

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.

Tags

About Kenya

  • $1,800
    Average annual income
  • 613
    View loans »
    Kenya Loans Fundraising
  • $39,149,275
    Funds lent in using Kiva
  • 86.3
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $725 helped David to construct a dairy cow unit.
64% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 10, 2014
Listed
Mar 5, 2014
Currency Exchange Loss:
Possible