Anastasia is 58 years old. She is married and has been blessed with 6 children who are all adults. One of her children is currently attending school. She is a farmer in Nkubu, eastern Kenya. She has been farming for the last 36 years and employs two farmhands. Her mixed farm produces tea, which she sells through the Kenya Tea Development Authority, milk, macadamia nuts, potatoes, bananas, coffee and French beans, which she sells to the Homegrown Company.
Anastasia has requested this loan of 80,000 KES from Juhudi Kilimo to expand her horticultural farming. She says that the income from this project will help her improve the livelihood of her family. In the future, she plans to expand her farming and buy a pick-up van that will assist her in transporting her products to the market. Her biggest challenges are lack of markets for her products, the high cost of pesticides and poor road networks. She comments that Juhudi has helped farmers view their occupation as a source of livelihood for their families.
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.