Harriet is 81 years old and a divorced mother of four children who are all adults. She is a farmer from eastern Kenya where she has been farming for 60 years. Her mixed farm produces potatoes, cabbages, maize and carrots, which she sells at the local market. Her major challenge in this business has been the difficulty in getting farm inputs, which affects her production.
With this loan of 45,000 Kenyan shillings, she intends to purchase a dairy cow. She says that this loan will enable her to acquire a quality dairy cow that will produce enough milk to earn her more income. The proceeds from this loan will help her improve her living standards. She plans to expand her dairy farming in the future by acquiring at least three dairy cows.
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.