Nelly is 30 years old and a farmer in Kitale county in Kenya, where she lives with her husband and five children, four of whom are schooling. Nelly has been farming for the past five years, producing milk, maize and beans 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 that will provide her with more milk to sell. It will earn her extra income which she will use to uplift her living standards, and she will use some of the money to pay for her children’s schooling. She aspires to have four dairy cows in the next five years. Diseases, competition and the fluctuation of prices are her major challenges in farming.
Nelly is very 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.