Dominic is a farmer from the town of Kisii in Western Kenya. He has been operating his mixed farm for the last 40 years and has employed three people from his community. His main products are bananas, maize, tea, sugarcane and tree seedlings which he sells to the local market.
Dominic is 61 years old. He is married and has been blessed with 12 children who are between the ages of 12 and 30. Four of the children are currently in school. Dominic has requested this loan of 45,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He says that this loan will enable him to acquire a quality dairy cow that will produce enough milk for sale and consumption. He faces the challenges of lack of adequate market for his products and lack of capital to expand his business. He expects to expand his farming business in the future and hopes to earn more income from farming.
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.