Magret is a farmer living in the Kisii area of Kenya, which is an area that does not suffer from a dry season. She has been engaged in this work for 34 years. Her primary income source is the production and sale of milk, eggs, tea, and crops.
When asked what she finds most enjoyable about farming, she tells us that it serves as her source of income. She reports that her biggest challenge is 'poor roads and lack of market.' She chose Juhudi Kilimo for this loan because of the low interest rate offered. When asked what she learned during Juhudi's required micro-finance training session, she replied, 'Client friendly, low interest rate.' She feels that that this loan will benefit her family by allowing her to improve the family's standard of living.
Magret reports that she owns the following a cow and poultry but does not own a pig, pump, bicycle, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net but does not have electricity, solar power, running water, a sewing machine, a TV, or a DVD player.
She is requesting this loan in order to purchase a dairy cow.
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.