Gladys is a resident of Litein Town in Rift Valley, Kenya and has been doing mixed farming and selling her produce of tea and milk locally. She employs a farmhand and has seven children.
She has requested a loan of 70,000 KES to improve her dairy production. She previously acquired a loan of 40,000 KES and paid it back. She hopes to generate better income to take good care of her family. She has no challenges in her business except for finances.
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.