Mildred is a member and the secretary of Masaba Self Help Group which is being funded by Juhudi Kilimo. She is 25 years old and married with six children between the ages of 2 and 12. All her children except one attend school.
Mildred has been farming for the last five years and employs one farmhand. Her products are maize, beans, green grams (mung beans) and vegetables which she sells locally. She is also employed as an Early Childhood Development teacher. Her biggest challenges have been fluctuation in the price of her products and unpredictable weather patterns which affect her production.
Mildred has requested this loan from Juhudi for 41,600 Kenyan shillings to purchase and insure a dairy cow. With this loan, she will be able to provide enough milk for domestic consumption and earn income through the sale of milk which will assist in educating her children. In the future, she would like to supply poultry and dairy products to other farmers.
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.