Mary is aged twenty-nine, married, and has three children, all being of school-going ages. She sells second-hand clothes within the local markets to boost a farming business as well.
Mary has requested a loan of 52,000 KES from Juhudi Kilimo to buy and insure a dairy cow. She will use the proceeds to educate her children and meet the family’s basic needs.
She hopes to grow her dairy farm into five high-quality breeds in five years. Mary says harsh weather conditions and poor road networks are her major challenges.
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.