Christine is 27 years old and is married with two children ages 8 and 12 years. She has been in farming for 3 years producing milk, beans, wheat, sorghum, bananas, and eggs. This provides the main sources of income to meet the family's daily basic needs. She earns additional income from her employment in a tea factory.
Christine has made a loan request amounting to 60,000 Kenya shillings (KES) from Juhudi Kilimo, a Kiva partner, to help her buy a dairy cow and diversify her farming business. She says the acquisition of a dairy cow will improve her family's income due to a ready market for milk, and enable her pay for the education of her children.
Christine mentions poultry diseases as the major threat to farming business income. She plans to run a farm of five quality dairy cows.
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.