Fridah is a mother of one child, age thirteen, and she has been in mixed farming in her rural home in Nkubu for twenty years. With the sale of her cereals, like French beans, she helps to meet her family's basic needs. She owns a retail business as well for additional income.
Fridah has requested a loan of 40,000 KES from Juhudi Kilimo, which she will use to setup a zero-grazing unit for her dairy cows. She says this will help her in managing her dairy cows' feedings, which is a significant cost to her business, especially during dry seasons. She will use the income to give her child a better education. She aims to have at least five dairy cows.
Fridah likes Juhudi Kilimo's loan services, especially because they process their loans quickly.
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.