Margaret is a farmer in Kitale where she has been farming actively for 20 years. Her farm currently produces tea, milk, and coffee for the local market. She has one farmhand. She also runs a retail shop to supplement the farming income. She and her husband have three adult children.
Margaret has requested a loan in the amount of 63,600 KES from Juhudi Kilimo to purchase and insure a dairy cow. She says the loan will improve her farming income and improve her life. She notes that farmers in the area are faced with challenges when breeding for dairy cows since necessary services are very limited. Nevertheless, she aspires toward becoming the major supplier of milk in the area.
She adds that Juhudi Kilimo loans are having a very positive impact on local 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.