Mercy is aged 36 and married. She has 2 children, aged 18 months and 11 years. She has been practicing mixed farming for the last 5 years, producing cabbages, potatoes and tomatoes, which she sells locally. She earns additional income from her business of selling vegetables at a local market. She faces the challenge of high prices of farm inputs, which affects her production.
With this loan of 60,000 Kenyan shillings, she intends to cultivate cabbages, potatoes and tomatoes. The extra income from this loan will enable her pay the school fees for her children. In the future, she intends to buy a piece of land and construct her own rental houses.
Mercy comments that Juhudi Kilimo is a good company because they care for small-scale 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.