Teresia, 45, is a farmer from the town of Nyamira in western Kenya. She is married and has been blessed with 5 children, who are now all adults. She has been in the farming business for 20 years and sells her products locally. She is also employed as a teacher in the same location.
Teresia has requested a loan of 45,000 KES through Kiva's partner, Juhudi Kilimo, to purchase and insure a dairy cow. The profits from this loan will help her improve her family's livelihood. She hopes to acquire 5 more dairy cows in the next 5 years, which will improve her milk 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.