David is 42 years old and earns a living as a farmer Nkubu county in Kenya where he lives with his wife and two children, both of whom are in school. He has been a farmer for more than 10 years and produces maize, beans, eggs, milk and peas, all of which he sells at a local market. He is requesting a loan for 50,000 KES from Juhudi kilimo to buy dairy goats so that he can earn extra income by selling their milk. This will help him educate his children and improve his livelihood, and also allow him to feed some of the milk to his children, because he believes this will help them to grow and be healthy. His goal for the next five years is to buy another one-acre piece of land. His main challenges are the high costs of feed and a lack of nearby customers to buy his products.
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.