Evalyne is aged 36 and has been in farming for six years. Her farm produces horticultural products and poultry for the local market. She runs a salon for additional income. She is married with three children aged between 15 and 5 years.
Evalyne has requested a loan of 41,600 KES from Juhudi Kilimo to buy and insure a dairy cow. She says she has requested this loan out of the belief it will boost the family income and offer financial stability with the income generation. She believes additional income from farming will also help improve her retail business.
Evalyne says the main challenges include fluctuation in market prices, high costs of farm inputs and lack of capital.
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.