Mercy is 31 and has been farming in Nkubu for four continuous years, producing maize, beans, potatoes, pawpaws, and peas, which she sells to the local market. She also runs a retail shop, in addition to farming. She is married with three children aged 9, 6, and 2 years.
Mercy has requested a loan of 52,500 KES from Juhudi Kilimo to buy and insure a dairy cow. She says she will use the farming income to repay the loan before saving to expand her shop and farming activities. She hopes to grow the business and educate her children with her farming income.
She laments the challenges of inadequate rainfall and rampant animal diseases.
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.