Fridah is 24 years old, single, and has one child. She is a farmer in Nkubu, Kenya, which she has been doing for 10 years. She raises cash crops and cereals, which she sells at the local market in her area.
Fridah is requesting a loan from Juhudi Kilimo for 30,000 KES, which she will use to purchase a water tank that will assist her in conserving enough water to irrigate her crops when there is no rainfall. This loan will help to increase her produce and income after selling her products. Fridah will be able to improve her livelihood and pay school fees for her child. Poor climatic conditions, poor markets, and lack of capital are her major challenges in farming.
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.