Regina is a farmer in Nkubu area in Central Kenya where her farm produces bananas, maize, beans and milk for the local market. She is married with two children who are 11 and 8 years old and schooling.
Regina has requested a loan of 30,000 KES from Kiva partner Juhudi Kilimo to buy a water tank. Regina believes adequate water will enable her to earn enough to educate her children and improve their general living standards. She plans to start a cereals retail business with much of the cereals being sourced from her farm.
Regina laments of the high costs of inputs, which limits the farmers’ potential.
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.