Elias is the father of two children. His children are aged 5 and 2, and the first child is already attending school. He has been in mixed farming for five straight years, producing and selling milk, vegetables, tomatoes, and maize to the local market.
He has requested a loan of 61,200 KES from Juhudi Kilimo to purchase and insure a dairy cow for 31,200 KES and purchase poultry birds with the balance (30,000 KES). Elias says the loan will enable him to pay the school fees for his children, and he will also be able to produce milk and eggs for their consumption. He adds that he is focused on venturing into the transportation business to make it easier to deliver his produce as well as make additional income.
Elias says he wants to focus on the loan repayment so that he can borrow more in the future.
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.