Kennedy is aged 31 and has been farming in the Kitale area of western Kenya for 10 years. He is married with two children aged 7 and 1. He does timber lumbering for additional income. His farm produces milk and timber for the local market.
Kennedy has requested a loan of 41,600 Kenyan shillings (KES) from Juhudi Kilimo to purchase and insure a dairy cow. He says the additional dairy income will boost his income and enable him to buy more farm implements and a power saw for the lumbering business.
Kennedy sees the lack of business funds and animal diseases as the greatest threats to his farming business.
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.