Gladys is 48 years old, married and has been blessed with three children, who are now between the ages of 14 and 23. All the children attend school. She has been farming for the past 12 years and has employed one farmhand. Her farm produces maize, bananas, beans and milk, which she sells locally. She also earns income from the sale of cereals and plastics. She also owns some rental houses in the same area.
Gladys has requested this loan from Juhudi Kilimo of 41,600 Kenyan Shillings to purchase and insure a dairy cow. She says that the proceeds from the sale of milk will enable her to educate her children and they will have enough milk for consumption.
She hopes that in the next five years, she will be able to have five quality dairy cows to enable her produce 100 liters of milk daily. She hopes Juhudi will continue supporting them.
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.