Thirty-three-year-old Philice resides in Kitale with her husband and four children. She has practiced mixed farming for three years, producing eggs, milk, and maize.
She has requested a loan from Juhudi Kilimo of KES.80,000 to purchase more poultry for her business. More poultry means more egg production and thus an increase in income and this will improve their standard of living. Her future plan is to have one thousand poultry birds and two dairy cows for more generation of family income.
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.