Consolata is a farmer from Kisii town in western Kenya. She has been farming for the last 5 years and employs three farmhands. Her mixed farm produces maize, beans and milk which are sold locally. She also earns income from her lumbering business in the same location.
Consolata is 39 years old. She is married with 6 school-aged children. All the children attend school.
She successfully repaid her previous loan of 45,000KES from Juhudi Kilimo and has requested this loan of 70,000KES to purchase a dairy cow. She says that this loan will help her purchase a quality dairy cow that will increase her milk production and earn her more income. The extra income from this loan will go towards the education of her children. She plans to expand her dairy farming in the future by acquiring at least 4 dairy cows. She also plans to expand her cereals business and build a large cereal store in future. Her primary challenges are lack of enough finance to purchase farm inputs like fertilizers and animal feed and poor road infrastructure in the area.
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.