Sarah lives in Kitale, Western Kenya with her husband and four children, all of whom are in school. She has been a farmer for the last eight years, producing milk and maize for sale in a local market. She is applying for a loan for 60,000 KES from Juhudi Kilimo to buy a motorcycle, which she plans to use to go into the transportation business. This motorcycle will also allow her to get her own goods to market more quickly and efficiently. Her biggest challenge is diseases which occasionally affect her animals.
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.