Harrison, 39, is married with two children ages 9 and 12, who both attend school. He is a farmer from the town of Nkubu in eastern Kenya. He has been in the farming business for 10 years now and employs two casual laborers. His main products are bananas and coffee, which are sold locally. He mainly depends on the income from his farm to fulfill the basic needs of his family.
Harrison has requested a loan of 46,800 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from the sale of milk will enable him pay for the education of his children. He aspires to expand his farming activities in future so as to get enough supplies to the large existing market.
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.