Elizabeth is 46 years old, married, and has 5 children who all attend school. She is a farmer from the town of Kitale in western Kenya. She has been in the farming business for five years now and employs one farmhand. Her farm produces maize, beans, milk and bananas, which are all sold locally. She also runs a hotel business in the same town.
She has requested a loan of 46,800 KES through Juhudi Kilimo to purchase and insure a dairy cow. The proceeds from this loan will help her in educating her children and providing for the basic needs of her family. Her major challenges have been unpredictable weather conditions and poor prices for her farm produce. She hopes to own at least five quality dairy cows in the future.
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.