Anne is 20 years old and married with one child who is one year old. She is a farmer in Kitale town, western Kenya, where she has been farming for three years. Her mixed farm produces eggs, vegetables and tomatoes which are sold at the local market.
Anne has requested a loan of 31,200 Kenyan shillings through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will enable her to expand her business and save for the education of her children. She would like to buy at least four 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.