Joan is 39 years old and has been farming for ten years in the Kitale region of Western Kenya. She cultivates a mixed crop and sells maize, bananas, potatoes, and vegetables at the local market. She also earns some extra income selling second-hand clothing. She says the greatest challenge to her business remains the changing weather patterns, which have been a big setback because it makes it difficult to plan farming operations appropriately.
She requested this loan for Ksh. 31,200 from Juhudi Kilimo to buy and insure a dairy cow to add to her farm. She says that because this is her first loan she will work hard to achieve greater things as far as her farming is concerned. Joan says that she feels optimistic that through Juhudi she will liase with other members to pool together their resources to buy and operate a mini-chilling plant for their milk in the next five years.
Joan is married with seven children, five of whom are attending school. She hopes that the added income generated by this loan will be a boost for her family by allowing her children to get a quality education and have a quality meal at the end of the day.
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.