Veronica is 45 years old. She is married with 4 children ages 16, 17, 22, and 24. All the children attend school. She is a farmer from Nkubu town in Eastern Kenya where she has been farming for the last 20 years. Her products are maize, beans, bananas and milk which she sells to middlemen. She also operates a shop and buys and re-sells cereals. She is also a part -time tailor.
Her biggest challenge in farming is low prices for her products and the high cost of production.
Veronica has requested this loan from Juhudi Kilimo of KES.40,000 to upgrade her banana farm after successfully completing her second loan. This loan will help her hire additional labourers on her farm, and with the income generated she will be able to educate her children to the standard she wants.
She plans to construct a zero-grazing unit for her dairy cows and also build a better house for her family in future.
She is requesting Juhudi to try and lower the interest rate charged on their loans.
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.