Priska is 60 years old. She is a widowed mother of 7 children. Two of her children are still attending school. She has been practicing mixed farming for over 20 years and has employed one farm-hand. Her main products are maize, beans, coffee, milk, millet and vegetables which she sells to the local market.
Priska has requested this loan from Juhudi Kilimo of KES.40,000 to expand her cereal business. This loan will enable her to provide enough food for her grandchildren and the extra income will help her educate her children. She faces the challenges of poor weather patterns, lack of proper market for her commodities and the high cost of farm materials.
She plans to stock more cereals for sale and acquire another dairy cow in the future. She is equally grateful to Juhudi for the support and appreciates the help it has given her so far.
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.