Teresia is age 42 and has been farming for five years. She employs one farmhand to help with her farm's producing and with selling eggs and vegetables. She also runs a tailoring shop which generates additional income to that of farming. She is married and has three children between the ages of fourteen and eight years.
Teresia has made a loan request amounting to 31,200 KES from Kiva partner Juhudi Kilimo to buy and insure a dairy cow. She believes the acquisition of a dairy cow through a loan will earn her good income and help in improving the living standards of her children, with milk being available for the family consumption besides being sold to repay the loan, as well as meet other of the family's basic needs.
For Teresia, the major challenge in farming is caused by animal diseases which eats into their farming income.
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.