Rael is a resident of Kitale in western Kenya. She has been in farming for 10 years, producing and selling maize, milk, and vegetables to the local market. She is married, with three children, aged between 1 and 12 years. She also runs a hotel in the local market.
Rael has requested a loan of 41,600 KES from Kiva partner Juhudi Kilimo to buy and insure a dairy cow. She is optimistic she will have enough milk both for her family and to sell for additional income to educate her children.
Rael says that animal diseases and price fluctuations in the local markets remain 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.