Maina has been operating his mixed farm for the last thirty years in the town of Murang'a in Central Province, Kenya. He produces coffee which he sells to the local market and also earns income from carpentry services he offers to the local people.
Maina is 64 years old and married with nine children who are all adults. His youngest child is currently attending school.
Maina has requested this loan of KES 53,000 from Juhudi Kilimo to purchase and insure a dairy cow. He says that the income from the sale of its milk will help him in paying school fees for his youngest child.
Maina hopes to expand his dairy farming from indigenous breeds to exotic breeds. He says that Juhudi is doing a commendable job by helping peasant farmers to acquire assets.
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.