Isabella is a mother of six children aged between twenty two years and twenty years. She has been in active farming for ten years and sells her produce of maize and beans to the local market. Her farm is currently run with the help of one farmhand engaged on permanent basis. She has also started a private school in her local area.
Isabella has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow. She hopes to grow the dairy business and improve the quality of her dairy cows as she focuses on expanding her school as well. She is optimistic her family will get enough milk for consumption too.
She too mentions pests and diseases as the major challenges coupled with occasional droughts.
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.