Willy has a mixed farm in Kitale town, western Kenya, that produces milk, maize and beans. He has been in the farming business for fifteen years now and employs one farmhand. He also runs a retail shop in the same region.
He has requested for a loan of 62,400 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will enable him to expand his existing businesses and also meet his family's needs. He plans to acquire a high yield dairy cow and also venture into zero grazing in the next 5 years.
Willy is 35 years old and married, with 3 children aged between 8 months and 9 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.