31-year-old Cherono is a single mother of three children between 7 and 11 years old. All of the children attend school. Cherono has been farming for the last five years. She depends mainly on the income from the sale of vegetables, milk and fruits to provide for her family. She is from Western Kenya in Kitale town.
Cherono is one of the many active clients of Juhudi Kilimo who have accessed several loans to expand their farming business. She has successfully completed her fifth loan of KES. 32,000. She has requested this sixth loan from Juhudi for KES. 32,000 to expand her poultry project and buy a dairy goat. This loan will enable her to purchase more layers (chickens kept for eggs), which will increase her sales and earn her more income. This income, she says, will help her improve her family's standard of living.
Cherono is happy because from the previous loans she has been able to generate income that has enabled her to acquire her own piece of land. She plans to have two dairy cows and be the main milk supplier of the local market.
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.