Margaret is 37 years old, married, and has six children. All of her children are attending school, except for the eldest. She has been farming for seven years and employs one farmhand. Her farm produces milk, maize, eggs, and vegetables for the local market. Margaret says she fully relies on her farming income for her family upkeep.
Margaret has requested a loan of 70,000 KES to boost her poultry business. She says she has acquired enough skills with the seven years she has been in the business and wants to significantly expand her poultry farm capacity. She wants to build a bigger housing unit for the increased number of her birds. She intends to boost her production and supply external markets as well. Another key priority for her is paying her children's school fees.
She laments of high costs associated with animal diseases.
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.