Loice is 48 years old. She is married and has one 25-year-old child who is currently attending school. She has been practicing mixed farming for over 20 years in Kisii town, Western Kenya. Her farm produces maize, milk, tea and bananas which she sells to the local market. She also earns income from the sale of secondhand clothes and bricks.
Her primary challenges have been the high cost of transportation and the fluctuation in the prices of commodities.
Loice has requested this loan of 60,000 KES from Juhudi Kilimo to expand her cereal business. The extra income from this loan will help her educate her child. She would like to expand her dairy business in the future.
She appreciates the good relationship between herself and Juhudi and hopes for the best through the partnership.
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.