Peter has been practicing mixed farming for the last 30 years. He has a farm in Kisii town, western Kenya that produces maize, beans, bananas, tea and milk, which are all sold locally. He depends on the income from his farm to provide for the needs of his family.
Peter is 69 years old, and married, with 12 children between the ages of 18 and 28. Two of his children are currently attending school.
He has requested this 45,000KES loan through Juhudi Kilimo to purchase and insure a dairy cow. Peter says this will ensure that his family will have enough milk for domestic consumption and sale. His biggest challenge has been the high cost of transportation due to poor road networks in the area. He would like to acquire more dairy cows in future and purchase a motorcycle to assist in transporting his products to the market.
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.