Irene (pictured above with a dairy cow) is 35 years old and married with two children who are 11 and 9 years old and schooling. She has been in farming for 10 solid years and currently produces milk, potatoes, wheat, maize and beans for the local market.
Irene has requested a loan of 40,000 KES from Juhudi Kilimo to purchase dairy goats. She says there is a ready market for the goat’s milk due to its high nutritional content. She adds that the income will help her educate the two children as well as improve her family's living standards.
Irene appreciates Juhudi Kilimo services but points out unreliable rainfalls and the high cost of pesticides as the challenges.
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.