Aoko M., 34, is married with three children who all attend school. She has been practicing mixed farming for five years and produces milk and maize, which she sells locally. She also earns income from her posho-mill business in the same location.
She has requested a loan of 51,200 KES through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from the sale of milk will help her improve her family's livelihood. She plans to have three quality dairy cows and a chuff-cutter in the next five years.
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.