Joice is a resident of Kisii Town in western Kenya. She is 41 years old and a mother of seven children, all of whom are attending school. She has been doing mixed farming and sells her bananas, maize, beans, tea and vegetables to the local market.
She has applied for this loan of 45,000 Kenyan shillings (KES) from Juhudi Kilimo to purchase and insure a dairy cow. She believes this loan will make her have a steady flow of income to educate her children. She aspires to have three dairy cows and run a bigger retail shop than the one she is doing now.
She sees lack of finances and costly pesticides as the greatest impediment to the business.
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.