Agnes has a mixed farm in the outskirts of Kitale town in western Kenya, where she has been farming for the last 20 years. Her mixed farm produces maize, vegetables and potatoes which she sells locally. She also depends on the salary of her husband who is employed as a teacher to cater for the needs of her family. She is 46 years old and married with 7 children who are between the ages of 5 and 27. Six of the children are currently attending school.
Agnes has requested this loan from Juhudi Kilimo of 57,200KES to purchase and insure a dairy cow. She hopes that the income from this loan will help her in paying school fees for her children and improving their livelihood. She says that the cost of production is a major challenge compounded with poor prices of milk. She however hopes to expand her business and have a full zero-grazing unit with 4 stall-fed animals 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.