Nyorita, 45, is a mother of two children, aged eighteen and nine, who both attend school. She has been doing mixed farming in her hometown of Nyamira in Western Kenya for the last ten years. Her produce of maize and beans are sold to the local market. She has employed three farmhands. She earns additional income from the selling of domestic animals, especially goats.
Nyorita has requested this loan of 45,000Kes from Juhudi Kilimo to purchase and insure a dairy cow. She believes the dairy cow will generate enough income to educate her children and expand her farm to five dairy cows. That will eventually make her a major supplier of milk in the region. She faces the challenge of low production during dry weather but is optimistic about growth in the future.
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.