Neddy is 51 years old and married with seven children. They range in age from 17 to 33 and her three youngest children are currently enrolled in school.
Neddy owns and runs a mixed farm in western Kenya, near the town of Kitale, where she has been farming for over twenty years. She operates a kiosk at the market where she sells fruit, vegetables and maize as her primary source of income.
There are a number of challenges that Neddy must overcome and she cited issues such as price fluctuation and the seasonal aspect of farming making income inconsistent.
Neddy recently completed her first loan with Juhudi Kilimo, and has now requested this loan for Kes 51,200 to purchase and insure a dairy cow, and to expand her stock of poultry. She says that the extra income from this loan will help support her children through the rest of their education.
Neddy also wants to help her daughter open a business as a hair stylist, as she recently completed the necessary training. In the future, Neddy would like to keep expanding her business as she now has access to more capital.
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.