Ronald O. is 30 years old and married with two children, ages 3 and 5, who both attend school. He has a mixed farm that produces bananas, maize and beans, which are all sold to the local market. He has been in the farming business for four years and employs two farmhands. He also earns income from his hotel and tailoring businesses in the same region. His biggest challenges have been lack of enough farm inputs (such as fertilizer) and too much rain, which affects his production.
He has requested this loan of 45000 KES through Juhudi Kilimo to purchase and insure a dairy cow. He says that this dairy cow will improve his milk production and that his family will have enough milk for domestic consumption and sale. He is hopeful that his farming will expand in the future and that he will be able to sell his products wholesale.
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.