Jeldine is a 31-year-old, married woman, and she has one child. They reside in Nkubu, in the Meru Region of Eastern Kenya. She has been an active farmer for over ten years, growing cash crops. Besides farming, she has also set up a retail business.
She has requested a loan from Juhudi Kilimo of KES 60,000. She will use the loan to purchase a chuff cutter and a zero-grazing unit. She says these purchases will improve her family's living standard. In the future she wants to be the leading dairy milk producer and increase her cows to thirty. Lack of sufficient funds and animal diseases are her major problems. She likes Juhudi Kilimo for its faster processing of loans.
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.