Elizabeth is a 22-year-old farmer in Kitale county, in Kenya, where she lives with her husband and two children. One of the children has started schooling. Elizabeth has been in farming for the past five years, producing milk, maize, beans, bananas, and potatoes, which she sells at the local market in her area. She runs a bakery as an additional source of income.
Elizabeth is requesting a KES 62,400 loan from Juhudi Kilimo to buy and insure a dairy cow. This will provide Elizabeth with more milk for sale and earn her extra income which she will use to uplift her living standards and pay for her children’s schooling. She aspires to buy another dairy cow in the next five years. Diseases and fluctuation of prices are her major challenges in farming.
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.