Elizabeth is 40 years old, married, and has 5 children between the ages of 8 and 17. She has been in farming for 11 years, producing and selling vegetables, tomatoes and bananas at the local market.
Elizabeth has requested a loan of 40,000 KES from Juhudi Kilimo to purchase poultry birds so she can venture into poultry farming. She has plans to have a farm running with 2000 birds in two years. She says there is a ready market for both birds and eggs, and the business will generate more income to help provide for the family’s basic needs. She is aware of the main pitfall of the business – animal diseases – but despite this challenge, she remains focused on achieving success and repaying the loan.
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.