John is a father of 6 and a resident of the town of Litein in the Rift Valley of Kenya. He has been doing mixed farming for 15 years, producing tea and milk and selling locally. He employs one farmhand.
John has applied for this loan of 50,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. He believes this will provide an alternative source of income to his mechanics business. He says that this improved income will ensure that his family has various assets and a better standard of living. John's main challenges are insufficient capital and animal feeds. He is hopeful that he will manage to have purebred cows in a modern zero-grazing unit. He says the loan service from Juhudi Kilimo has been supportive to many.
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.