Benedine is 32 years old and married with two young children, ages 3 and 4, both of whom have started their schooling. She used to be involved in second-hand clothing sales, but in the past two years she has begun operating a mixed farm near Kitale, Kenya. Her primary income comes from the sale of milk products to local residents, and she also earns money through her vegetable farming. She says that the main challenges to her business are the spread of diseases among livestock and that high employee turnover affects her productivity.
Benedine requested this loan through the Kiva field partner, Juhudi Kilimo, for 30,000 KES to upgrade and expand her poultry farm. She says that the extra income from this loan will help improve her family's standard of living and she will be able to support her children in their education. In the future, she hopes to continually progress in her farming capabilities and acquire a bigger asset such as a cow.
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.