David is a 47 year-old married man living in western Kenya, near the town of Kisii. He has five children, ranging in age from 7 to 17 years old. All of them currently attend school.
David has been running his farm for over twenty years. He sells a wide variety of products at the local market including milk, cereals, chickens and eggs. He also buys and sells cattle on occasion. David says his main challenge is the lack of sufficient capital to take advantage of business opportunities. He also noted fluctuating market prices for farm produce as a cause for concern.
David has a successful history with Juhudi Kilimo, previously completing two loans of Kes. 45,000 and Kes. 60,000. He now requests a loan of Kes. 60,000 to purchase a dairy cow. He says the extra income from this loan will help him pay school fees for his children, and will allow him to provide proper nutrition for his family.
David has plans for expansion in the next five to 10 years. His main goal is to acquire a pickup truck to transport his produce. He also wants to use it to get cattle to and from the market.
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.