Gladys is aged 42 and married with four children; the last three children are still schooling. She lives with her family in their hometown of Kitale, where she has been in farming for 10 years, producing and selling milk, maize, fruits and vegetables to the local market. She earns additional income from her fruit-vending business.
Gladys has requested a loan of 40,000 Kenyan shillings (KES) from Juhudi Kilimo to buy poultry for a venture into poultry farming. She says there is a ready market for poultry products in the local market, and the business will help her to earn income to educate her children.
She says animal diseases remain the daunting challenge in 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.