Teresa has been working in mixed farming in her hometown of Nyamira for the past three years. She produces and sells maize, bananas and milk which are all sold to the local market. She is married with six children who all attend school.
Teresa has made a loan request of 46,800 KES from Juhudi Kilimo to purchase and insure a dairy cow. She says the income will help her to educate her children and to purchase more land for better farming practices.
Teresa says scarcity of pesticides and costly farm fertilizer are a great threat to farmers
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.