Agnes is age 50 and a married mother of five children who are all adults. She has a mixed farm in Kisii town, in western Kenya that produces maize, coffee, vegetables and nappier grass, which are all sold to the local market. She has been in the farming business for over 30 years and depends on the income from her farm to cater to the needs of her family.
Agnes has made a third loan request through Juhudi Kilimo of 80,000 KES to purchase a motorcycle. She says that this motorcycle will enable her to transport her farm produce to the market and access other local markets. She plans to use the extra income from this project to pay school fees for her youngest child who is currently attending school.
Her major challenges in this business have been unpredictable weather conditions, which affects her production and lack of enough capital for expansion. She plans to purchase a van and a posho mill in the near future.
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.