Penina has a mixed farm in Murang'a town in central Kenya that produces coffee, milk and horticultural products. She has been farming for the last 39 years and employs one farmhand. She sells all her products at a local market.
Penina is 71 years old. She is a widowed mother of four children who are all adults.
She has requested this loan of 53,000 Kenyan shillings through Juhudi Kilimo to purchase and insure a dairy cow. She says that the income from this loan will help improve her life and reduce her dependency on her children. Her major challenge is the fluctuations in the market prices of milk. She says that through Juhudi, she has been able to achieve what she has been wishing for for a long time.
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.