Naftali is 56 years old and married with four children, ages 36, 28, 24 and 21. He is a farmer in the Kisii region in western Kenya and has been farming for over 15 years. His primary business is to sell milk at the local market, and he also earns income from selling tea leaves, tomatoes, onions, and cabbages. Naftali is also the owner of a posho mill, which is a device that grinds wheat and maize into flour. He says that the main challenge to his business is his lack of knowledge in good animal husbandry.
Naftali requested this loan through Juhudi Kilimo for Kes. 45,000 to purchase a dairy cow, with insurance. He says that the extra income from this loan will go to providing for his family and improving their health. In the future he would also like to own an agrovet, a small agricultural store that sells drugs and supplies for livestock.
Naftali is looking forward to Juhudi Kilimo expanding in his area, as he believes it will help improve their living standards.
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.