Selina is 40 years old and married with three children, ages 9, 13, and 20. All of her children are attending school. She's a farmer in Litein in the South Rift Valley of Kenya. She's been farming for ten years and employs two people from the community. She has a mixed farm and sells maize, beans, vegetables, and tea produced on the farm. She also earns income from the hair salon and boutique she runs in town. (She is pictured above in her boutique.) She says that the main challenges to her business are an insufficient market for milk and hail storms, which have reduced her tea production.
She successfully completed a previous loan for Kshs. 45,000 from Juhudi Kilimo and requested this loan for Kshs. 60,000 to purchase a dairy cow. She says that the extra income from this loan will help her improve her overall dairy business and then she'll be able to buy a plot of land and build a home. In the future, she would like to expand into pineapple farming, increase and improve her dairy animals, and install a salon on her own premises (rather than renting). She added that "she has been able to learn how to save through Juhudi."
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.