Joel is 29 years old and married with four children between 1½ and 10 years old. Three of the children are attending school. Joel is practicing mixed farming in western Kenya near Litein town. He has been in this business for six years with only one employee. He sells his milk and tea to Kenya Tea Development Agency and the local market, respectively. He relies solely on this business to provide for his family.
He has requested this loan through Juhudi Kilimo for Kshs. 35,000 to purchase and insure a dairy cow. He believes that the income he will get from the sale of milk will enable him to pay fees and provide enough milk for his family. He says that the main challenge he is facing right now is lack of enough market for his milk. In the future, he hopes to acquire a hybrid cow, which can produce more than 30 liters a day.
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.