Carolyne is a small scale farmer from Mabonde location, Kitale County in western Kenya. She has been in the farming business for ten years now and sells her maize, beans and tea to the local market. She earns additional income by baking and selling cakes to the local market.
Carolyne is thirty-five years old and married with 6 children aged between one and sixteen years old. Three of the children are currently attending school.
She has made a loan request of 31,200 KES (Kenyan shillings) through Juhudi Kilimo in order to purchase and insure a dairy cow. She hopes that her milk production will increase and she will be able to have enough milk for both domestic consumption and sale. The proceeds from the sale of milk will help in paying school fees for her children and meeting her basic needs. She hopes that in the next five years she will have acquired three dairy cows and set up a poultry farm. Poor market prices and bad weather conditions have been her primary 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.