Jane is fifty years old, married and has two children, one of whom is in school. She is a farmer in Chuka, a town in the Meru region of eastern Kenya. The family’s major challenge is a lack of money.
Jane is applying for a 60,000 KES loan through Juhudi Kilimo to buy a dairy goat. This investment will help to improve the family’s living standards. In the future she wants to buy a pickup truck to transport her goods to 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.