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Total loan: $350
Kericho, Kericho County, Kenya / Agriculture
Flag of Kenya
Priscilah's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy farm implements.
The agriculture sector accounts for 45% of Kenya's gross domestic product, generates 70% of Kenya’s export revenue, and employs approximately 70% of Kenyans. Despite the importance of agriculture to Kenya and its economy, financial institutions view lending to fund agricultural activities as a high-risk proposition because the profitability of these activities is affected by weather, natural disasters and price fluctuations. For this reason, farmers in Kenya remain under served by financial institutions. Juhudi Kilimo is expanding into this market and is happy to provide Kiva lenders with the opportunity to support Kenyan farmers. Meet Priscilah, an ever-smiling, hardworking and honest mother who is 52 years of age! She hails from the Kericho area of Kenya. She is the proud mother of 5 lovely school-going children that she loves and treasures, and she will go the extra mile to make sure that they are comfortable. Priscilah’s primary source of income has been through selling milk, eggs and tea. She is a very determined and dedicated farmer who has been farming for 20 years, and through all these years she has never regretted going into farming. Although she makes profits through farming, the major challenge she faces is poor crop yields. She is requesting a loan to buy farm implements. She intends to buy high quality fertilizers and seeds that will make her double her output. Through this loan she will be able to increase her production and this will translate to improved income levels. She believes that through careful selection of quality seeds and the application of strict standards in farming, she will have more income and will be able to improve her standard of living.