Agnes is 46 and has been farming for 14 years in the area of Kitale, Western Kenya. She is married with six children, four of whom are already attending school. Her farm produces tomatoes and vegetables, which are sold at the local market. Her family relies on farming for its income.
Agnes has requested a loan of 50,000 KES from Juhudi Kilimo to purchase and insure a dairy cow. She says the milk will help in subsidizing family meals and provide income to ensure the education of the children. She adds that she wants to manage her income so she can purchase a motorcycle to transport her produce to the market.
Agnes laments the high cost of managing animal diseases. She is, however, glad for her relationship with Juhudi, this being her fourth loan.
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.