Hellen is a farmer and a mother of six adult children with the last born still undertaking his post-secondary education. Hellen has over ten years in active farming and currently employs two farmhands and produces milk, bananas and coffee for the local market.
Hellen has made a loan request of 60,000 Kenyan Shillings (KES) from Kiva partner Juhudi Kilimo to help her buy and install irrigation equipment in her farm. She says this will reduce the limitations occasioned by low rains and will improve her farm output and improve her family's living standards. She plans to buy more land to expand her farming acreage. She adds this is her third loan with Juhudi Kilimo after the first and second ones of 45,000 KES and 30,000 KES respectively.
She laments the high cost of pesticides and other farm inputs.
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.