David is a father of four children aged between 12 and 1. He lives with his family in his rural home in Nyamira, South Rift Kenya, where he also practices mixed farming besides running a hotel in the local market. He reiterates that farming is his main source of income, with the hotel business and building the bricks he occasionally makes being his supplementary income.
David has requested a loan of 60,000 KES from Juhudi Kilimo to construct a bigger dairy unit for his growing number of dairy cows, and buy a power generator which will help light his home at night as well as used to pump water to his vegetables farm and for his dairy cows.
David plans to buy more land for the further expansion of his farming business. He indicates that drought and occasional hailstones often result in huge losses.
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.