Beatrice is a married mother of four children who all attend school. She is a farmer from the town of Kitale in western Kenya where she has been farming for seven years. Her mixed farm produces maize, bananas, vegetables, milk and sweet potatoes, which are all sold locally. She is also a teacher at a nearby local school.
Beatrice has requested this loan of 52,000 KES through Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. The extra income from the sale of milk will help boost her family's living standards. She hopes to own a pick-up for transporting milk 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.