He applied for this loan of KES 40,000, his third with Juhudi Kilimo (his first and second loans were for KES 22,500 and KES 20,000 respectively), to purchase a dairy cow. He plans to use the income generated to educate his children and build a dairy unit for his animals. He hopes to maintain three purebred dairy cows on his farm in five years' time. He earns additional income from employment as an accountant.
Important InformationTo 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.
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