Ruth has been in farming for ten successive years in her rural area of Kitale where she produces mainly maize and vegetables. She is married with three children, ages three, nine and thirteen.
Ruth has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow which she says will boost her farming income and supplement her family's daily meals. She hopes to increase the number of her dairy cows to five.
Ruth says that poor infrastructure and the prices for farm produce in the local markets remain the main challenges to farmers in the area.
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.