Duncan has been in the farming business for thirty years now. He produces bananas, milk and maize, which are all sold locally. He is also employed as a driver.
Duncan has requested a loan of 47,250 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will help improve the livelihood for his family and pay school fees for his youngest child.
In the future, he would like to acquire 3 quality dairy cows and buy land to put up residential houses. His primary challenges have been diseases and the lack of artificial insemination services.
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.