Peterson O. is 68 years old and married with eight children who are all adults. He is a farmer from Kisii town in western Kenya. He has been practicing mixed farming for 40 years and employs one farmhand. His mixed farm produces maize, beans, tea, milk and sugarcane, which are all sold locally. Farming is his only source of income.
He has requested a loan of 45000 KES through Juhudi Kilimo to purchase and insure a dairy cow. The extra income from this loan will be invested into the family's other businesses. He would like to expand his dairy farming in the future by acquiring five more dairy cows and investing more in horticultural crops.
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.