Milly is a 34-year-old farmer from Kitale County in Kenya, where she lives with her husband and five children. She has been farming for 19 years producing milk, maize and beans, which she sells at the local market in her area. Competition leading to poor prices for produce is her main challenge in farming.
Milly is requesting a 52,000 Kenyan shilling loan from Juhudi Kilimo to buy and insure a dairy cow. This will help her take care of her children's needs, which includes educating them, and also boost her standard of living. She hopes to have five dairy cows in a couple of years to come.
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.