Janet is 34 years old. She is married and has 4 school-aged children who all attend school. She is a farmer from Kitale town in western Kenya where she has been farming for 5 years now. She employs one farmhand and sells her milk, tomatoes and eggs to the local market.
Janet has requested a loan of 31,200 Kes through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from the sale of milk will help improve her family's lifestyle. Her biggest challenge in this business has been lack of enough animal feeds, especially during the dry season. She plans to have 5 dairy cows and a posho mill in the next 5 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.