Peter is 48 years old. He is married with 7 children aged between 5 and 27. Five of the children attend school.
He is a farmer from the town of Kisii in Western Kenya. He has been farming for the last 20 years and employs 2 people from his community. His products are milk, tea, maize and beans which he sells locally. He also owns and operates a small restaurant in the same area (pictured above).
Peter has requested this loan of KES.30,000 from Juhudi Kilimo to purchase and insure a dairy cow. He says that this loan will increase his capital base and that the profits from the sale of milk will enable him to send his children to better schools.
In future, he hopes to put up a big retail shop, a salon and kinyozi (barber shop). However, Peter says he faces the challenge of natural disasters and lack of enough farm input for production.
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.