Faith has a mixed farm in the town of Nkubu in eastern Kenya that produces cabbages, potatoes, maize and peas. She has been in the farming business for 10 years and sells all her products locally. She is 32 years old and married with two children who both attend school.
She has made a loan request of 47,250 KES to purchase and insure a dairy cow. She hopes that this loan will enable her to acquire a quality dairy cow that will produce enough milk for domestic consumption and sale. The proceeds from this loan will help her improve her family's livelihood. She faces the challenge of the high cost of animal feed and disease, which affects her production. She plans to acquire two more dairy cows and construct a zero grazing unit 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.