Lucy has a mixed farm in the town of Murang'a in central Kenya. She has been farming for the last seven years and employs four farmhands. Her mixed farm produces milk and horticultural products, which she sells to the local market. She also earns income from her small-scale farming of coffee.
Lucy is 33 years old and married with four school-aged children who all attend school.
She has requested this loan of 62,400 KES through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will help her educate her children without straining. She, however, faces the challenge of price fluctuations, which affect her cash flows. She hopes to have as many cows as possible in the near future. She hopes that with Juhudi loans, she will be able to expand her dairy farming.
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.