Lynn is 48 years old, married, and has 5 school-aged children. She is a dairy farmer from the town of Litein in Rift Valley, Kenya. She has been farming for the last fifteen years and has employed two farmhands. Lynn sells her milk at the local market. She is employed by the Public Service Commission and also earns income from her small-scale farming of tea, which she sells to the Kenya Tea Development Authority. Her major challenges in farming have been the high cost of animal feed, and a lack of labour and good artificial insemination services.
Lynn has requested this loan of 50,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. She says that this loan will help increase her milk production, thus increasing her income. The extra income from this loan will help her meet the financial obligations of her family. She hopes to upgrade the quality of her dairy cows to a more productive breed in the 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.