Damaris is a rural resident of Nkubu, and has been active in farming for 18 successive years. She has produced vegetables and milk, going to the local markets and providing for the family needs.
Damaris has requested a loan of 60,000 KES from Juhudi Kilimo which she will use to venture into poultry farming. She says this will help her have a more stable farming income, since the poultry business is not adversely affected by weather conditions, as are crops. She hopes to improve her family's living standards with the farming income, and educate her youngest child. She has three children, ages 25, 20, and 18.
She appreciates the Juhudi Kilimo staff for the training in managing a farm as a business. She notes crop failures, pests, and diseases as the major challenges, and the motivation to venture into poultry farming.
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.