Sixty-year-old Mary is a farmer from Kisii town in western Kenya, where she has been farming for 30 years. She employs 3 farmhands and sells her produce of bananas, vegetables and maize to the local market. She is married with 7 children, two of whom are currently attending school.
She has requested a loan through Juhudi Kilimo of 45,000 KES to purchase and insure a dairy cow. She says that the extra income from this loan will help her meet her family's basic needs. The fluctuating weather patterns and lack of stable market for farm produce have been her greatest challenges. She plans to acquire more dairy cows in 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.