Josephine (pictured with her 2-year-old child) is a hard-working farmer from the town of Litein in Rift Valley Kenya. She has been practising mixed farming for the last 10 years and produces tea, vegetables and milk which she sells locally.
Josephine is 38 years old. She is married with 6 children between the ages of 2 and 18. Three of her children are currently attending school. Her biggest challenge has been lack of enough capital to engage in other businesses.
She recently completed her previous loan from Juhudi Kilimo of KES.30,000 and has requested this new loan of KES.60,000 to purchase a dairy cow. With this loan, the family's income will increase through the sale of milk and thus ease the burden of paying school fees.
In 5 years' time, she would like to purchase a pick-up truck to transport milk and other farm products to the market. She would like Juhudi to diversify their loan products in future.
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.