Lucy has been in active mixed farming for over 18 years in her home area of Litein, South Rift, Kenya. Her farm currently produces milk, tea and poultry for the local market with the help of one farmhand. She reiterates that farming is her only source of income.
Lucy has requested a loan of 28,000 KES from Juhudi Kilimo to help build a zero grazing unit for the animals. She is optimistic the business will be better with the loan and hopes to be able to improve her family's living standards. She is, however, apprehensive with the poor market 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.