Jacob is a resident of Kitale Town in Western Kenya. He has been doing dairy farming for three years and has been selling his milk products to the local market. He has one farmhand in the farm.
He has requested for this loan of 31,200 KES from Juhudi Kilimo to purchase and insure a dairy cow. He belives this will boost his income and make the family more comfortable financially. He gets additional income from his retail shop business.
The challenge is limited animal feed availability, which makes milk production unstable.
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.