Rose has a mixed farm, which produces bananas, maize, beans, coffee and milk, which she sells through the coffee factory and at the local market. She has been practicing mixed farming for the last 25 years in Nkubu town, eastern Kenya. She depends on the income from her farming to meet the basic needs of her family.
Rose recently completed her previous loan from Juhudi Kilimo of 30,000 Kenyan Shillings and has requested this loan of 50,000 Kenyan Shillings to purchase dairy goats. The extra income from this loan will go toward the education of her children and improve their living standards.
In the future, she hopes to acquire five more dairy cows and start a poultry project.
Rose is 53 years old. She is married with five children who are between the ages of 12 and 25. Two of the children attend school.
Rose is happy because Juhudi has helped her acquire assets unlike other institutions that don't care where their clients get money.
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.