Tecla is a mother of three and has been in farming for five years, producing milk and eggs which are sold to the local market in her home town of Eldoret in Kenya. Tecla has requested a loan of 50,000 KES from Juhudi Kilimo to purchase poultry and expand her poultry unit. She says the loan will definitely improve her family's living standard and she aspires to grow her farm to a large-scale one. She laments the high costs associated with poultry diseases and adds that Juhudi loans have gone a long way in helping needy farmers.
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.