Mary has been operating her mixed farm for over thirty years in the town of Kisii in Western Kenya. Her farm produces maize, milk, beans, millet, vegetables and tea leaves, which she sells to the Kenya Tea Development Authority and the local market. She also operates a business selling both second-hand and new clothes. Mary is 52 years old. She is married and has been blessed with six children, all now adults. One of her children is currently attending school.
Mary has a good record with Juhudi Kilimo, after she successfully completed her previous loans. She has requested this loan of 90,000 Kenyan Shillings to purchase a dairy cow and expand her cereal business by increasing stock. She hopes to be able to provide for the basic needs of her family with the proceeds from this loan.
In the future, she plans to start a big hardware store and to buy a transportation truck.
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.