Loice is a farmer with seven years of experience. She lives in a rural area in Kitale Western Kenya with her family of four children who are all schooling. She currently runs her farm with the help of one farmhand. She produces eggs, milk, and maize for the local market.
Loice has requested a loan of 60,000 KES from Juhudi Kilimo to buy poultry. She plans to have a flock of two thousand birds and four quality dairy cows. However, she mentions animal diseases as the main challenge she faces in the business.
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.