Like any serious dairy farmer, Erick takes animal health very seriously. He drenches drugs to his dairy animals from time to time - an activity he really enjoys! However, he says the major challenge to dairy farmers in his area is lack of quality breeds of animals.
Erick is seeking a loan to purchase a good quality dairy cow. This cow produces more than 20 litres of milk daily. Milk sold from this cow will provide Erick with a significant amount of income on a daily basis and enough to clear loan repayments on time.
Erick has a clear business plan. Juhudi Kilimo, smallholder farmers’ microfinance, has been very encouraging and supportive to such progressive farmers. We want his farm to be an example to other farmers who have potential but are constrained by funds. Erick says the extra income he will generate will enable him to save enough money to buy a pedigreed dairy cow.
More information about this loan
This loan is part of Juhudi Kilimo work with small-holder farmers in Kenya to finance purchase of dairy cows, 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 type of loan will go to existing successful small-holder clients who require higher loan amounts. The loans will be used to purchase multiple high-yield dairy cows, greenhouses, bio gas digesters and tractors. These clients have 3-5 years of successful loan repayment histories with Juhudi Kilimo. By funding this loan you are helping a farmer expand his or her business.
Important InformationTo 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.
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