39-year-old Phoebe is a resident of Kitale Town in Western Kenya. She has been in the farming business for 16 years, producing maize, beans, vegetables, and eggs. She has employed one farmhand. She has 3 children, all of school-going age.
She has requested this loan of 40,000 KES to enable her to expand her poultry business. She says this loan will provide income that will ensure that her children get enough food as well as education. She hopes to have a bigger farm in the future.
She does not have any income of her own but believes her husband, who operates a second-hand cloth business, may help in repaying the loan once given. She would like Juhudi Kilimo to advance higher amounts to enable clients to have bigger businesses.
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.