Electine is a married mother of five children and they all reside in Kitale, in theRiftvalley. She has been a farmer for thirteen years growing maize and horticultural crops and selling them in the local market. Besides farming, she has a retail shop as another source of income.
She has requested a loan from Juhudi Kilimo of KES 41,600 to purchase a dairy cow. She says that by purchasing a dairy cow the family's milk production will increase and lead to higher income and financial stability. The challenges she faces are the risk of disease, the high cost of feed and inadequate capital.
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.