Magdaline is aged 64 and has been in active farming for 17 solid years. Her farm currently produces bananas, arrowroots, paw paw, maize and avocados which are all sold within the local market. Her farm is currently run with the help of two farmhands.
Magdaline had previously acquired two loans of 45,000 KES and 60,000 KES respectively, both of which were repaid promptly. She is currently requesting a loan of 90,000 KES from Juhudi Kilimo to build a zero grazing unit for her dairy animals at 50,000 KES, and to improve her farming by installing an irrigation system in her farm for her banana plantation, which requires consistent irrigation. She will use the loan specifically to buy a water tank and irrigation pipes. She says that finances are the farmer's main predicament; the high cost of labour and animal diseases are some pressing issues. She reiterates that the future is promising with Juhudi Kilimo loans together with the skills she has gathered in 17 years.
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.