Emily is a resident and a farmer in her home area of Kitale where she lives with her family of two children, ages one and four. She has been in farming for four years and currently produces maize and vegetables, which she sells to the local market. Farming is her sole source of income for her family's upkeep.
Emily has made a loan request of 50,000 KES and she states that she will use the loan to establish a new poultry business by buying poultry birds. She adds that she will be running a mixed farming business, but wants to focus more on poultry due to the high turnover and ready market for the products.
She is, however, worried about the high costs of transport and and low returns for the produce.
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.