Caroline is 47 and has been in farming for over 10 years. She produces and sells nappier grass, milk and eggs to the local market and grass to dairy farmers in particular. She clarifies that farming is her sole source of income.
Caroline has requested a loan of 100,000 Kenyan Shillings (KES) from Juhudi Kilmo, 40,000 of which will be used to construct a poultry unit, and the remaining 60,000 of which will be used to purchase more poultry and boost her farming income. She says she wants to be an animal breeder and supply the farmers in the area.
She notes that weather is very unpredictable and poses the greatest challenge to 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.