Peter N. is a farmer in Murang'a, a town in Central Province, Kenya. He has been practicing mixed farming for ten years and produces milk and vegetables, which are sold locally.
Peter is 39 years old and married. He has 3 school-aged children, all of whom attend school.
Peter has requested a loan of 50,000 Kenyan shillings (KES) through Juhudi Kilimo to purchase a motorcycle, which will enable him to deliver his products to the market and increase his income. With good access to the market, he will be able to increase his production and purchase a truck in the future.
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.