Jusper is a 35-year-old farmer in Nyamira county in Kenya, where he lives with his wife and three children who are all attending school. He has been in farming for the past 12 years. He produces milk and vegetables, which he sells at the local market in his area. He runs a hardware shop as an additional source of income.
He is requesting a 60,000 KES loan from Juhudi Kilimo to buy a dairy cow that will help him earn extra income. This extra income will help him improve his family’s standard of living and pay for his children’s education. He aspires to double his business in the next five years.
Poor climatic changes, lack of enough capital, and market variation are his major challenges in farming. Jusper thanks Juhudi Kilimo for helping him become economically empowered.
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.