Sarah is a farmer in Kitale, Western Kenya. She is 38 years old and married with two children, aged ten and thirteen years. She has five years in active farming with maize, milk, and poultry being the main products she delivers to the local markets.
Sarah has made a loan request amounting to 31,200 KES from Juhudi Kilimo, which she will use to buy and insure a dairy cow. Her main focus is to make dairy farming her core business with a farm of ten dairy cows at one time. She believes she will be able to enjoy the economies of scale with time and acquire a better capital base for future business and farming expansions.
Sarah notes fluctuation in market prices and the high cost of inputs as her 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.