Rosemary, 58, is a small-scale farmer from the fertile land of bananas: Nkubu town in Mt. Kenya Region. She has been farming for the last twenty years, producing maize, beans and horticultural crops which she sells locally. She also operates a retail shop in the same town. She says that farming has always been her hobby and this has made it more successful than she ever imagined. She, like any other farmer, faces the challenges of lack of enough water for her crops and lack of enough capital for expansion.
She has made her first loan request through Juhudi Kilimo for a loan of 40,000 KES in order to purchase irrigation equipment, including water pipes and a pump. This loan will enable her install irrigation equipment at her farm which she can use during the dry season. She says that this will ensure constant production throughout all seasons. The increased production will increase her income and improve her living standards.
Rosemary would like to acquire a pick-up truck in the near future to help transport her produce to the market
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.