Josephen is 36 years old. She is a married mother of six children aged between 7 and 22. All the children attend school. She has been practicing mixed farming for 18 years in Kisii town, western Kenya. Her farm produces maize, beans, tea leaves, millet, bananas, coffee, tomatoes, vegetables and milk, which she sells to the Kenya Tea Development Authority, the Coffee Board of Kenya and at the local market.
Josephen has requested this loan from Juhudi Kilimo of 70,000 Kenyan Shillings to expand her cereal business and vegetable farming. She says that with the profits from this loan, she will manage to educate her children and feed and clothe the family well.
In five years time, she hopes to add two more quality dairy cows and be the main supplier in the locality. The challenges she faces in business are unstable prices, especially for vegetables, the high cost of pesticides, a lack of proper spraying gear and fluctuating weather patterns, which affect her crop production.
She appreciates how far Juhudi has brought them and prays to manage her loan repayment well.
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.