Daniel has been operating his mixed farm in Kisii town, Western Kenya for the past 20 years. His farm produces tea leaves, maize, beans, coffee, milk, vegetables and fish, which he sells to the local market. He is also employed as a watchman and also earns income from his kiosk in the same area.
Daniel is 45 years old, and a father of six children who are now aged between 5 and 23 years. All of his children attend school.
Daniel has requested this loan from Juhudi Kilimo of 35, 000 Kenyan Shillings to purchase and insure a dairy cow. He says that the income from this loan will enable him to feed his family well and also to pay school fees for his children. In the future, he intends to own a posho (maize flour) mill and also expand his dairy production so that he can build a permanent house for the family.
His primary challenges have been lack of enough capital for expansion and thieves who steal fish from the pond. He appreciates that Juhudi came into their lives and has enlightened them on business management.
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.