Gladys is a mother of two children aged two and one years old. She has been in farming for the past four years. Her farm produces milk, maize, beans and vegetables for the local market in Kitale, Western Kenya. Gladys runs her farm with the help of one farmhand. Her farm is her sole source of income.
Glady has requested a loan of 30,000 KES from Juhudi Kilimo to help her buy poultry to expand into poultry farming. She hopes to make better returns from the business and use the profits to expand her dairy farming in the future. She believes she will be able to cope with the challenge of diseases which is rampant in poultry farming.
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.