John, age 23, is a farmer in Kitale county in Kenya, where he lives with his wife and children. He has been practicing mixed farming for the past three years, producing maize and milk. He sells these to the people in his local area.
He is requesting a loan in the amount of 41,600 KES from Juhudi Kilimo in order to buy and insure a dairy cow. The money gained from this cow will uplift his family's standard of living and pay for his children's school fees. In the future, he plans to have four dairy cows, allowing his farm to produce more milk and bring more income to the family over the next five years.
Lack of sufficient rainfall, leading to food shortage, is his major challenge in farming.
John is very thankful to Juhudi Kilimo for providing this loan.
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.