Veronicah is a 26-year-old, married woman with two children aged five and eight. Both of her children attend school. She has worked in mixed farming for six years and produces maize and beans that she sells to the local market. She earns additional income from a retail shop business that she runs locally.
She is requesting a 45,000KES loan from Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. She hopes to generate enough income to pay the school fees for her children and improve their standard of living. She plans to expand her farm in the future, but identifies drought as a big challenge for her farming activities.
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.