Chelangat is 23 years old and has been farming for three years, producing and selling milk and potatoes to the local market. She is married with one child who is two years old. She buys and retails potatoes in the local market for additional income.
Chelangat has requested a loan of 30,000 Kenya shillings (KES) from Juhudi Kilimo to purchase more poultry birds for a poultry farming venture. She says this will compliment her dairy business and compensate for poor milk prices in the current market. She is optimistic about her poultry business and hopes her family's living standards will improve from the good return the business will make.
She sees fluctuation in market prices as the challenge in farming.
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.