Agnes is a mother of three children two of whom are still schooling. She lives with her family in Kisii where she carries out her farming business producing and selling maize, beans, bananas and milk for the local market. She runs a retail shop besides her farming business.
Agnes has requested a loan of 50,000 KES from Juhudi Kilimo to buy a dairy cow and boost her dairy business. She says the additional income will help her educate her children and provide milk for family consumption. She remains optimistic her business will continue to grow.
Agnes says drought and poor market prices for farm produce are the 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.