Teresa is a resident and a farmer in Western Kenya where she has been practicing mixed farming and selling milk, maize and kale to the local market. She is married with five children with four already in school.
Teresa has requested a loan of 31,200 KES from Juhudi Kilimo to buy and insure a dairy cow. She says the income will be used to improve the living standards of her children. She also wants to buy more land for intensive farming for better income.
She says the common problems such as diseases and unreliable rainfall remains their main 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.