Vincent is 26 years old and married with two children. They are 1 and 4 years old, with the elder currently enrolled in school. He is a dairy farmer in western Kenya, near the town of Litein, where he has been farming for over two years now. His main source of income comes from selling milk to the Kenyan Cooperative of Cremeries.
Vincent recently completed his first loan with Juhudi Kilimo, and he has now requested this loan of KES 80,000 to purchase a motorbike. He says that the extra income from this loan will help improve his net worth and improve his dairy farming through better transportation. In the future, Vincent would like to acquire another dairy cow and upgrade his dairy housing unit.
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.