Leah is a 61-year-old married woman living in Kenya, near the town of Murang'a. She has six adult children who are no longer enrolled in school.
Leah has been running her mixed farm for over 20 years now and she sells a wide variety of products at the local market. Her primary income comes from the sale of chickens and eggs, and she also sells maize and beans for additional income. She says that lately the main challenges to her business are lack of enough capital for expansion of her farm and the high cost of feed for her poultry project.
Leah has a successful history with Juhudi Kilimo, previously completing one loan of 61,000 Kenyan shillings (KES). She has now requested a loan of 53,820 KES to construct an animal shed and buy a chuff cutter. A chuff cutter is a device for cutting straw or hay into small pieces to feed cattle. She says that the extra income from this loan will help her become more self-sufficient economically, so that she will no longer have to depend on help from her children.
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.