Janneth is a farmer in Kitale, Western Kenya, and the mother of seven children, five of whom are adults. She has been farming for twenty years and currently runs her farm with the help of one farmhand. Janneth sells her produce, comprised mainly of maize, milk and horticultural products, to the local market. She also runs a secondhand clothes retail business and a cereal milling plant.
Janneth has requested a loan of 52,000 KES from Juhudi Kilimo to buy and insure a dairy cow. She is optimistic that her businesses will pay with better returns and assist her in paying for the education of her two children still in school. Janneth says the major challenge occurs during high production seasons; however, this is not a major challenge for milk production though it is acute for farmers producing only cereals such as maize.
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.