David has a mixed farm in Litein town, in Rift Valley, Kenya. He has been farming for 20 years. His products include tea and milk, which he sells locally. He also earns some income from his motorcycle transport business in the same region (He is seen here, pictured with his motorcycle).
David is 41 years old and married. He has 5 school-aged children who all attend school.
David has made a loan request of KES60,000 through Kiva partner, Juhudi Kilimo, to purchase and insure a dairy cow. The extra income from the sale of milk will enable him pay his own school fees and also pay the school fees for his children. He would like to buy a chuff cutter (machine that removes corn husks) in the next 5 years to help him improve his dairy farming.
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.