Margaret is a mother of five children, aged between 7 and 20 years, with the last four still in schooling. She has been in farming for the last 5 years in her home area of Kitale, Western Kenya. Her farm produces maize, vegetables and beans for the local market. She also operates a retail shop in the local market.
Margaret has made her first loan request, with Juhudi Kilimo, for 41,600 KES to fund her purchase and insurance of a dairy cow. She is optimistic that she will be able to educate her children from the boosted farming business income. She aspires to own three dairy cows and to improve her family's living standards.
Margaret laments of the high cost of feeds and fluctuating milk prices. She, however, remains glad with Juhudi Kilimo services.
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.