Alice, age 40, is a farmer in Kitale county in Kenya, where she lives with her husband and five children, who are all in school. She has been farming for the past 15 years, producing maize, beans, milk, vegetables and poultry, which she sells at the local market.
She is requesting a loan of 46,800 KES from Juhudi Kilimo to buy and insure a dairy cow, which will give her more milk and earn her extra income. This will help her improve her living standards. She will use some of the money to pay school fees for her children. She plans to have another dairy cow and also more poultry in the next five years.
Diseases and insufficient feed 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.