Rosemary is 38 years old. She has been in the farming business for fourteen years in her home of Nkubu in Central Kenya. Her farm currently produces coffee, bananas, maize and beans, which she sells within the local market. She runs a boutique for additional income. She is married with three children who are aged 16, 14, and 5 years.
Rosemary has requested a loan of 50,000 KES from Juhudi Kilimo to buy a water tank at 25,000 KES and irrigation pipes at 25,000 KES. She says an increased farming income will make life better for her family as well as help her educate her children.
She laments the high costs of farming supplies and labor as the major challenges in her farming business.
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.