Consolata K. is a 55-year-old farmer from Nkubu town in Eastern Kenya. She has been in the farming business for 28 years and employs two farmhands. Her farm produces coffee, milk, mangoes and milk, which are all sold locally. She also operates a clinic in the same region.
Consolata has requested a loan of 47,250 Kes through Juhudi Kilimo to purchase and insure a dairy cow. This will help increase her income through the sale of milk. Her major challenges have been pests and diseases, which affect her animals and crops, and the high cost of animal feeds.
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.