Susan lives in Nkubu, in the Meru region of Eastern Kenya, an area known for its fertile land, which is located at the slopes of Mt. Kenya. She is married and has seven children, one of whom is still in school. She has been farming for 20 years. Her main sources of income are: milk, bananas, maize, beans, and potatoes. She has applied for a loan of KES 60,000, to build a zero-grazing pen for her cows. This loan will help her to provide more food and generate more income for her family. Her challenge is inadequate funds. In the next five years, she wants to buy a piece of land for agricultural purposes. Rose says that Juhudi Kilimo should provide other services like emergency 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.