Yunuke B. is a resident of Kisii Town in Western Kenya where she has been doing mixed farming for 15 years, producing maize, beans and millet, which are sold locally. She has five children between 20 and 12 years old. She employs one farmhand.
Yunuke has applied for this loan of 45000 KES from Juhudi Kilimo to purchase and insure a dairy cow. She says the income will enable her to clothe as well as pay school fees for her five children, who are still in school. She is aiming at having five cows in five years time.
Her continuing challenges are insufficient funds and poor road networks.
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.