Alice has a mixed farm in the town of Nkubu in eastern Kenya, where she has been farming for five years. Her farm produces maize and bananas which she sells to middlemen and milk which she sells through the Kigane Dairy Society. She mainly depends on the income from her farming to provide for her family.
Alice is 36 years-old. She is married with three children aged 12, 9 and 2½. Two of the children attend school.
Alice recently repaid her previous loan from Kiva partner Juhudi Kilimo of 35,000KES and has requested this loan of 70,000KES to purchase a dairy cow. She says that this loan will help her expand her farming by acquiring another quality dairy cow. The income from her farm will enable her to educate her children and improve the living standards of her family. Her biggest challenges have been unpredictable weather conditions, the high cost of farm inputs and lack of labour.
She plans to expand her farming by practising extensive maize, dairy and banana farming in future. She says that Juhudi has helped empower her economically.
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.