Rebecca is a 51-year-old farmer in Kitale county, in Kenya, where she lives with her husband and two children who are both schooling. She has been in farming for the past ten years, producing milk, maize, and horticultural products which she sells at the local market. She owns a motorbike for transportation, as an additional source of income.
Rebecca is requesting a KES 62,400 loan from Juhudi Kilimo to buy and insure a dairy cow that will provide her with more milk for sale and earn her extra income which she will use to uplift her living standards and pay for her children’s schooling. Rebecca aspires to construct a modern dairy unit in the next five years. Diseases, high costs of production, and poor markets 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.