David is very passionate about dairy farming and is kindly seeking a loan from Kiva lenders via Juhudi Kilimo to buy a good quality dairy cow. Dairy farming is one of the most profitable business ventures in Kenya and has been seeing an upsurge in growth. Prices of milk in the recent past have been going up and David, having good entrepreneurial skills, will want to take advantage of the ready market and increase his earnings.
David has already identified a good quality breed of a dairy cow that will be producing between 10-20 liters of milk a day. Through your loan he believes that his earnings will improve and he will permanently change his living conditions and also invest in the education of his school-going children.
David does not have to worry about competition because there is enough demand for milk and this means he will be assured of profits and more income, and through the income he will increase his business. David is a visionary farmer and he plans that, through your loan, he will not only be selling milk in its raw form, but will also invest in packaging the milk and producing dairy products such as yoghurt which require a mini processing plant that is affordable. The result of this is an increase in business and improved living conditions. Profits from the business will allow David to fully pay back the loan.
More information about this loan
Juhudi Kilimo works 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. This loan will provide an income generating agricultural activity for small-holder farmers to improve their standard of living.
Important InformationTo 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.
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