Benard is a dairy farmer from Litein town in Rift Valley Kenya. He has been farming for 15 years and employs one farmhand. His farm produces milk which he sells locally. He also earns income from his small-scale farming of tea which he sells to the local market. His primary challenge has been low production of milk which affects his income.
Bernard is 52 years old. He is married with eight school-aged children, all of whom attend school.
He has requested this loan of 50,000KES from Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will help him to pay the school fees for his children. In the future, he would like to expand his dairy farming by acquiring more dairy cows.
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.