Aoko is thirty-six years old and the mother of three children between the ages of six and 15 years. She has been in farming for six years and her farm currently produces milk and vegetables, which she sells to the local market. In addition, she runs a business, milling cereals.
Aoko has requested a loan in the amount of 52,000 KES from Juhudi Kilimo, which she will use to buy and insure a dairy cow. She says that the acquisition of a better breed of cow will improve both her milk production and the family income. She aspires to be a leading supplier of milk to the local markets in the region.
She laments the shortage of animal feed in the area during the dry seasons. However, she is pleased with the loan services provided by Juhudi Kilimo, saying that the loans have helped farmers to both acquire better breeds and improve their incomes.
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.