Peninah is a resident and a farmer in Kitale, Western Kenya, where she has been producing and selling mainly maize, vegetables, tomatoes, and milk for the local market. She is married with two children aged 12 and 8 years. She has been in farming for 3 years and employs two farmhands.
Peninah has requested a loan of 30,000 Kenya shillings (KES) from Juhudi Kilimo to help her venture into poultry farming by buying poultry birds. She says there is a ready market for poultry products and she wants to exploit the opportunity and raise her financial income.
She notes lack of capital and unreliable rain as the main challenges.
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.