Fifty-five-year-old Esther is a widowed mother of five children who are now between the ages of 19 and 30. Three of the children are currently attending school. She is a farmer from Kisii town in western Kenya. She has been farming for 15 years and employs one farmhand. Her farm produces maize, beans and bananas, which are all sold locally. She also earns income from her rental houses in the same area.
She has requested this loan of 70,000 Kenyan shillings through Juhudi Kilimo to purchase a dairy cow. She says this loan will enable her to purchase a quality dairy cow that will increase the production of milk and her income. The profits from the sale of milk will help her cater to the basic needs of her family.
In five years time, she would like to acquire more dairy cows that will be producing at least 200 liters of milk daily. Her biggest challenges are insecurity, lack of a market and diseases that affect production.
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.