Jetinah, 49, is a married mother of three school-aged children who all attend school. She is a farmer from Kitale town in western Kenya where she has been farming for 10 years. She employs five farmhands. Her mixed farm produces maize, beans, millet, milk and eggs, which are all sold locally. She also earns income from her tailoring shop in the same town.
She has requested this loan of 61,200 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will help improve the living standards of her family. She faces the challenge of fluctuation in the prices of her products especially during the off seasons. She plans to expand her farming by acquiring at least two dairy cows and planting more Napier grass.
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.