Mary is a farmer from Kisii town in western Kenya. She has been farming for the past 13 years and employs three farmhands. Mary sells her produce of bananas, nappier grass, and maize at the local market. She earns additional income from her tailoring shop in the same location.
With this loan of 45,000 Kes, Mary intends to purchase a quality dairy cow that will produce enough milk for domestic consumption and sale. The extra proceeds from this loan will be invested in the education of her children.
Mary's primary challenges have been lack of proper market for farm produce and the fluctuating weather conditions that affect her production.
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.