Bornice is a mother of four aged between 19 and 14 years and all schooling. She is aged 43 and has been in dairy farming for the last 13 years in her home area in Litein, South Rift, Kenya. Her milk produce is sold locally. She currently employs one farmhand.
Bornice has made a first loan request with Juhudi Kilimo amounting to 60,000 KES to purchase a dairy cow at 30,000 KES and a chuff cutter at 30,000 KES, too. She expects her milk output to improve with the additional dairy cow and better feeding as a result of the availability of a chuff cutter.
She notes fluctuation in milk prices as the challenge.
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.