Jane is 36 years old, married and a mother of six children who are all attending school. She has been practising mixed farming for 18 years in the town of Kisii, Western Kenya. Her farm produces maize, beans, millet, vegetables, tomatoes, sugarcane, tea leaves and milk, all of which are sold at the local market, to Kenya Tea Development Authority, and to other retailers.
Jane has requested this loan from Juhudi Kilimo of 80,000 Kenyan Shillings to open a cereal business dealing mainly with millet. The profits from this loan will go towards the education of her children and she will be able to feed her family well.
In five years' time, she plans to lease more land and plant sugarcane which is her main source of income and also expand her cereal store.
Her biggest challenges have been unpredictable weather patterns that affect vegetables especially during dry spells, high cost of farm inputs, and transportation problems. She is grateful to Juhudi for teaching her business skills that have enabled her to plan her life well and even educate her children.
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.