Margaret is age 59 and is a mother of five adult children, with the last three undergoing their post-secondary education. She has been in farming for 40 years and currently produces maize and milk for the local market. She is also a government retiree and receives a pension for additional income.
Margaret has requested a loan of 62,400 Kenya shillings (KES) from Juhudi Kilimo to purchase and insure a dairy cow. She says that the cow will improve her milk production and enable her provide her children with food as well as ensure their education in college. She hopes to be the major supplier of milk for the local dairy plant.
Margaret notes with regret the high costs of farming supplies.
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.