Kipkoech is a forty-four year old farmer in Litein County, Kenya where he lives with his wife and five children who are all in school. He has been farming for the past twelve years producing beans, potatoes, maize and milk which he sells at the local market in his area.
He is requesting a loan for 60,000 KES to construct a dairy unit for his dairy cows, which will assist him in taking better care of his animals and thus getting more production. This will earn him extra income to help him pay for his children's schooling and uplift his living standards. He aspires to buy two more cows in the next five years.
Kipkoech is very grateful to Juhudi Kilimo for the funds and is willing to work even harder to be able to get more in the future that will help him grow his farm.
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.