Sarah is a married mother of four children aged from 1 to 18 years old. Her eldest child has completed high school. Sarah sells her farm produce of beans and peas to the local market. She also trades livestock, mainly cattle, to supplement her farming income.
Sarah has requested a loan of 52,000 KES from Juhudi Kilimo to buy and insure a dairy cow. She says she will use the income to repay the loan as well as educate her children. She hopes to own four dairy cows in the next four years. Sarah is advocating for bigger loans that can fund the purchase of assets such as land.
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.