Clevers has requested a loan of 62,400 KES through Kiva’s partner Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will enable him to pay school fees for his children. He would like to build a zero grazing unit [cows are kept confined to stalls to more easily maintain their health, etc. while allowing surrounding land to restore itself] so that he could manage his animals better and also improve his productivity in the future.
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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