Rose is 40 years old and married with four school-aged children who all attend school. She is a farmer from the town of Kitale in western Kenya where she has been farming for ten years. She sells her milk, beans, maize, and eggs to the local market. She mainly depends on the income from her farm to cater for the basic needs of her family.
Rose has requested a loan of 31,200 Kes through Juhudi Kilimo to purchase and insure a dairy cow. She says that with the dairy cow that she will acquire, her family will be guaranteed enough milk for domestic consumption and sale. The profits from the sale of milk will help her provide for the basic needs of her family. She faces the challenge of diseases and food shortage during the dry season. She hopes to acquire at least five dairy cows 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.