Jane is a farmer and a mother of four adult children. She has been in farming for over forty years and currently runs her farm with the help of one farmhand and produces bananas, maize and avocados.
Jane has requested a loan of 50,000 KES from Juhudi Kilimo to buy a chuff cutter (animal feed cutter) which will ease the feeding of her dairy cow and in turn improve the milk production capacity. She will use the additional income to improve the business and her living standards.
She reiterates she will maximize the benefits of the loan to ensure she attains financial security.
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.