Charles is a married father of four children aged between 14 and 2 years. He has been actively farming for 16 years with his farm currently producing tea and milk for the local market. His first loan with Juhudi Kilimo was 50,000 KES.
Charles has requested a loan of 50,000 KES from Juhudi Kilimo to purchase a dairy cow. He says he will use the income to educate his children as well as provide their daily upkeep requirements. He says he sees a brighter future with dairy farming with the provision of a loan from Juhudi Kilimo and hopes to make his dairy farm a big business.
Charles appreciates Juhudi Kilimo loan services but laments on the rampant fluctuation in milk prices in the 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.