David is 53 years old. He is married and has seven children between the ages of 6 and 24. Five of the children are attending school.
He is a farmer from Kisii town in Western Kenya. He has been farming for 20 years and has employed two people from his community. His products are bananas, milk, beans, maize and tea, which he sells locally and to Kenya Tea Development Authority respectively. He is also employed as a primary school teacher.
David recently completed his second loan from Juhudi Kilimo and has requested this loan of KES.75,000 to renovate his dairy unit and purchase farm supplies. The extra income from this loan will enable him provide the basic needs of his family. He intends to purchase more dairy cows in the future to increase his milk production.
He is requesting Juhudi to increase the amount of loans offered and reduce the interest rate on loans.
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.