Mary has been managing her mixed farm for ten years in Nyamira town, western Kenya. Her farm produces milk, tea, bananas and maize which she sells locally. She is a happy farmer since she has been able to cater for the basic needs of her family with the income from her farm.
Mary is 41 years old. She is married with 6 children who are between the ages of 13 and 22. Four of the children attend school.
Mary has requested this loan through Juhudi Kilimo in the amount of 45,000KES to purchase and insure a dairy cow. The extra income from this loan will enable her to pay school fees for her children and improve the livelihood of her family. She hopes to acquire 5 dairy cows and 5 acres of land 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.