Florence is a farmer in her town of Kitale, where she lives with her family of six children, who are still in school. She runs a hotel business but says the farming business still stands out as the best business for her, owing to gains made .
Florence has requested a loan of 30,000 KES from Juhudi Kilimo to buy poultry birds. She says this will help her meet the family's basic requirements and improve the status of her hotel business. She intends to expand her poultry business and possibly double the business in five years. Her challenges are poor road networks and prices within the local market, due to the large number of farmers taking their supplies to the local market. She is glad Juhudi Kilimo provides farmers with the farming loans.
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.