Stephen is a dairy farmer from Litein town in Rift Valley, Kenya. He has been in the farming business for 12 years now and sells his milk to a local cooling plant. He also earns income from his small-scale farming of tea.
Stephen is 48 years old and married with six children who are between the ages of 9 and 24. Two of the children are currently attending school.
He has requested a loan of 50,000 Kenyan shillings through Juhudi Kilimo to purchase and insure a dairy cow. He says that with the dairy cow he will acquire with this loan, his family will be guaranteed enough milk for domestic consumption and for sale. He plans to construct a zero-grazing unit in the next five years.
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.