Esther is 69 years old and married with five adult-aged children. She is a farmer from Kisii town in Western Kenya. Esther has been farming for over 40 years and has one permanent employee and five casual laborers. Her main products are maize, beans, tea, vegetables, milk and bananas, which she sells to the local market. Her biggest challenges in farming are lack of enough inputs (which affects her production) and poor storage facilities that leads to the destruction of her products.
She successfully completed a previous loan of 45,000 KES from Kiva partner, Juhudi Kilimo, which she used to purchase and insure a dairy cow. She has requested this loan for 70,000 KES to lease land and purchase farm inputs. The income from this loan will assist her in taking care of the four orphans under her care and sending her son to college. The family's nutrition will improve as well. Esther expects to expand her farming and production, especially bananas, on a large scale.
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.