Catherine is 43 and married with three children between four and seventeen years old. She has been in farming for seven years and currently employs two farmhands in a farm which produces milk, tomatoes, maize, and beans. She runs a retail shop in the local market for additional income.
Catherine has requested for a loan of 45,000 KES from Kiva partner Juhudi Kilimo to purchase and insure a dairy cow. She says that the loan will help her uplift her family's living standards by buying pure breed dairy cows which will generate more income.
She reckons with the lack of animal feeds during dry seasons but remains greatful to Juhudi Kilimo for the loan facility.
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.