Alice N. is 40 years old. She is married with seven children who are between the ages of 4 and 22. All the children attend school except one. Alice is a farmer from Kitale in western Kenya. He has been farming for over two years and employs one farmhand. Her main product is eggs, which she sells locally. She also runs a small kiosk where she sells food and cereals to supplement her income.
She recently repaid her previous loan of 50,000 KES from Juhudi Kilimo and has requested another loan of 85,000 KES to upgrade her poultry farm. She says that the proceeds from her poultry business will go towards the education of her children in high school and college. She would like to expand her farm in the future and practice both dairy and poultry farming.
She appreciates that Juhudi Kilimo is doing well by partnering with the low income farmers to help them in their activities.
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.