Annette is a mother of three children who are 9, 6 and 3 years old with the first two already schooling. She has been in farming for five successive years and currently produces maize and milk for the local market. She runs a timber hardware business in addition to farming.
Annette has requested 60,000 KES from Juhudi Kilimo to buy a power saw, which she says will support her business and cut the cost of her timber as well as earn her more income by renting it to those doing lumbering consistently. She hopes to grow the farming business and venture into poultry farming.
She however notes high costs of feeds and poor market prices as the major 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.