Peter is a young farmer from the town of Nyamira, in Western Kenya. He has been practising mixed farming for four years. His main products are milk, maize and beans, which he sells locally. He is also a carpenter and makes an income of at least 6,000 Kenyan Shillings per month.
Peter has requested this loan from Juhudi Kilimo of 45,000 Kenyan Shillings to purchase and insure a dairy cow. He says that the extra income from the sale of milk will help him to pay school fees for his children and to buy fertilizers and pesticides for better production.
Peter is 23 years old and married. He says that in five years time, he would like to buy more cows that will increase his milk 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.