Grace is a 52-year-old farmer in Kisii county in Kenya, where she lives with her husband and five children. Only one of her children is still in school. She has been in farming for the past twelve years, producing milk and cereals that she sells at the local market. She buys and sells tea leaves as an additional source of income.
She is applying for a 62,400 KES loan from Juhudi Kilimo to buy and insure a dairy cow, which 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. She aspires to have bought another dairy cow in the next five years. Diseases and fluctuation of prices are her major challenges in farming. She is thankful to Juhudi Kilimo for financing her with the loan.
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.