Rose is a farmer in Eldoret where she resides in her rural home with her husband and two children aged 7 and 1 year old. She has been in farming for twelve successive years with her major produce being maize, milk, eggs and vegetables. She runs a cereals retail business besides farming.
Rose has requested a loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy. She plans to buy more land to enable her to plant at least ten acres of maize every planting season to boost her cereals business. She currently sources some cereals from local middlemen who charge exorbitant prices.
She laments of the high costs of inputs, especially during dry seasons, and unstable prices for farm produce in the local markets.
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.