Ruth is 52 years old, married and has three children who range in age from 20 to 25 years old. Her two youngest children are still enrolled in school. Ruth is a farmer in western Kenya, near the town of Kitale, where she has been in business for more than 10 years. Her primary source of income is milk, maize and bean production, but she also sells clothes to earn extra money. She knows that challenges always exist, and currently her main one is marketing her products and dealing with competition.
Ruth has applied for a loan through Juhudi Kilimo for Kes. 60,000 to diversity her farm by raising poultry. She says that with this loan she will have a higher income, be better able to support her family and do a better job of coping with high prices. She hopes to expand her business in the future and acquire more poultry so that she can meet the high demand for this product in her area, especially during the festival seasons.
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.