Florence is a mother of five, all of whom are now adults save for the last two. She is aged 53 and has been in farming for 30 years. She currently produces potatoes, maize, beans and wheat, which she sells to the local market in her home area of Nkubu, Central Kenya. Florence also runs a cereals retail business to supplement her farming income.
Florence has requested a loan of 63,000 KES from Kiva partner, Juhudi Kilimo, to purchase and insure a dairy cow. She says the additional dairy income will help her educate her children. She plans to buy two more dairy cows in future to enable her to enjoy the economies of scale.
Florence states that the high cost of dairy feeds and unreliable rainfall are posing a threat to her business.
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.