Mary is 61 years old. She is married and has 9 children aged between 18 to 42 years old. She is a dedicated farmer from North Rift valley Kenya near Litein town. Mary has been farming for 10 years and has 2 employees. Her main produce is cabbages and tea, which she sells to the local market. She also earns income from the sale of milk to the local market. Before venturing into the farming business, Mary initially was a business woman selling vegetables and maize to the local market. Her main challenge in this business is the milk glut (excess milk) which causes the price of milk to go down, leading to unstable income.
Mary recently completed her third loan from Juhudi Kilimo for KES.30,000. She has now requested a loan from Juhudi for KES.40,000 to purchase a dairy cow. This loan will enable her to acquire a good dairy cow that will increase the production of milk, hence earn her more income. She hopes to use the excess income from this loan to build a better house. In five years' time, Mary intends to increase her dairy herd and also improve the quality of the dairy cows.
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.