Teresa is a mother of 7 children with the last three being of school going age. She is 47 and has been in farming for six consecutive years since she took it up as her core business. Her farm currently produces milk and vegetables.
Teresa has requested a third loan of 41,200 KES from Juhudi Kilimo to help her buy a third cow for her dairy business. She says Juhudi Kilimo loans have been of great help since she has realized farming too can be a lucrative business. She adds that life has been more bearable with Juhudi Kilimo loans since she manages to repay her loans and meet her daily basic family needs. She remains optimistic she will become a major supplier of dairy products for the local market.
Teresa notes however that dairy diseases are the major challenge in farming.
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.