Marky is 55 years old and married with 10 children, ranging in age from four to 20 years old. Only three of her children are currently attending school, as she lacks the necessary school fees to send all of them.
Marky runs a mixed farm in western Kenya, near the town of Kitale, where she has been farming for over 20 years. She used to specialize in vegetable sales, but lately has moved more into milk production, which she sells at the local market. Marky has to deal with a few issues in her business, including difficult access to markets that may be very far from her home.
Marky successfully completed her first loan with Juhudi Kilimo and has now requested this loan for Kes. 41,600 to purchase and insure a dairy cow. She says that her first loan took her a step forward in life, and now this loan will help her acquire a new, more productive dairy cow that will increase her income. She hopes this will assist her in meeting her family's needs and help pay the school fees for her children who are currently unable to attend school.
Marky has an optimistic outlook for the future, and already has a number of plans in mind for her business. She wants to own at least six high breed dairy cows and run a poultry farm. She also wants to purchase a motorbike so she is able to transport her produce to market.
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.