Eunice is a farmer from Kisii town in western Kenya. She has been farming for the last twenty years and has employed four people from her community. Her farm produces tea, maize, milk, beans, nappier grass and bananas, which are all sold locally. She also earns income from hiring out her tractor.
Eunice is 52 years old and a widowed mother of 7 children, who are between the ages of 14 and 33. Four of the children are currently attending 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. The proceeds from this loan will go towards her children's educations and also improve the livelihood of her family. Her biggest challenges are limited land for planting nappier grass, lack of a good breed of animals, and diseases. She would like to acquire more quality dairy cows that will increase her milk production 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.