Agnes is 47 years old, married, and has seven children, four of whom attend school. She is a farmer in Kitale, Kenya, which she has been doing for over 10 years. Her farm produces maize and beans, which she sells to the local market. Her family relies fully on farming for their upkeep.
Agnes is requesting a loan for 90,000 KES from Juhudi Kilimo, which she will use to purchase and insure a dairy cow for 52,000 KES and purchase poultry birds for a venture into poultry farming for 38,000 KES. She hopes that the boost in her farming income will help her feed her family as well as educate her children. Agnes states that diseases are the major limitation in the farming business.
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.