Lucy is age 45 and a married mother of five children, four of whom are currently attending school. She has been practicing mixed farming for the last 30 years in her hometown in eastern Kenya. Her mixed farm produces bananas, maize and milk, which she sells to the local market. Farming has been her main source of income and she is glad that the income from her farm has enabled her to cater to her family's needs.
Lucy has made a loan request of 60,000 KES to buy chickens and poultry feed for her poultry farm. She says that the income that will be generated through this project will be used to pay school fees for her children. Her primary challenges in farming have been delay in payment by debtors and the high cost of animal feed, which affects her output. In the future, she plans to expand her farming activities and to sell her products to a wider market.
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.