Josephine, age 40, has been engaged in farming for over three years. With the help of casual farmhands, her farm produces rabbits, which she sells at the local market in Muranga, central Kenya. Josephine and her husband have five children
Josephine has requested a loan of 30,000 KES from Juhudi Kilimo in order to purchase rabbits for her business venture. She says the income generated will help her raise her children more comfortably and help them fulfill their dreams in life. She intends to be a leading breeder in her area in future.
Josephine notes the lack of an established market for rabbits as a challenge, though promising prospects exist.
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.