Margaret is a 48-year-old farmer in Kitale County in Kenya where she lives with her husband and five children who are all schooling. She has been in farming for the past 20 years, producing maize, beans, milk and sweet potatoes, which she sells at the local market in her area. She runs a mini-hotel as an additional source of income.
She is requesting a loan of 31,200 KES from Juhudi Kilimo to buy and insure a dairy cow. She will sell the milk and earn extra income, which will help her boost her family’s income and living standards and pay for her children’s schooling. She aspires to buy two more dairy cows in the next five years.
Diseases and fluctuation of prices are her major challenges in farming.
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.