Peter is a mixed farmer, aged 54 and a father of eight adult children. He has been active in mixed farming for over ten years, producing tea which he sells to Kenya Tea Development Authority and pineapples which go to the local market.
Peter has requested a loan of 50,000 KES from Kiva Partner Juhudi Kilimo to enable him to purchase a better quality breed to ensure better milk production. He says his first loan helped him purchase the first cow and has been of great help. He adds the additional income will help him meet family expenditures.
Peter, like many farmers in the region, says drought is the main undoing in farming business.
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.