More information about this loan
This loan is part of Juhudi Kilimo’s effort to provide future leaders in Kenya with access to higher education, while also allowing the organization to increase its staff capacity and scale its services. Juhudi Kilimo empowers thousands of smallholder farmers across rural Kenya through its financial and non-financial services. However, the organization is currently constrained in its ability to reach its 2015 goal of improving the lives of 100,000 underserved farmers due to its undersized staff capacity. By helping local management and staff at Juhudi Kilimo to access further education, Kiva can increase this capacity, allowing the organization to reach more rural farmers with critical income generating financial services.
Kiva’s interest-free flexible funding will allow Juhudi Kilimo to offer these education loans to employees with a 0% interest rate, ensuring that high-quality local talent are attracted and retained by the company. Monthly repayments will be automatically deducted from the employee’s salary, reducing the risk of defaults.
By funding this loan, you are playing an important part in helping a future leader to access key education, while also supporting Juhudi Kilimo as it attempts to provide more underserved farmers with important opportunities.
Important InformationTo 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.
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