Sibia has a mixed farm in Nyamira town in western Kenya that procudes tea, milk, and vegetables. She has been in the farming business for twenty years and employs 5 farmhands. She also earns income from the sale of cereals to the local market. Her biggest challenge in this business has been the lack of organized markets for her products.
She has requested a loan of 45,000KES through Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. The proceeds from this loan will be used to improve her farm and pay school fees for her children. In the future, she would like to improve her tea plantation and own at least 5 dairy cows.
Sibia is 40 years old and married with 5 children between the ages of 17 and 20. Three of the children are currently attending school.
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.