Caro is a thirty-six-year-old farmer in the Kitale county of Kenya where she lives with her husband and four children who are all in school. She has been in farming for the past six years producing milk, vegetables, bananas and poultry products which she sells at the local market in her area.
She is requesting a 52,000 KES loan from Juhudi kilimo to buy and insure a dairy cow which will provide her with more milk and earn her extra income. This will help her lift her living standards and also use some of the money to pay for her children's schooling. She aspires to expand her farm and increase the number of dairy cows in the next five years.
Diseases, high cost of production and high cost of feeds 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.