Loice is a 55-year-old widowed mother of six children ranging in age between 17-36 years old. Two of her children are still attending school.
She is a farmer from Kisii town in Western Kenya where she has been farming for 33 years. Her main products are maize, beans, millet, bananas and vegetables which she sells to the local market and other retail businesses. She solely relies on the income from farming to meet the family's expenses. Her major challenge is lack of enough capital for expansion and high input prices during planting season.
She recently completed her previous loan from Juhudi Kilimo for 35,000 KES. She has requested this loan for 60,000 KES to expand her cereals and banana business. The income from this loan will enable her to educate her children and provide for her family.
She expects to stock cereals on large scale in five years time.
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.