Peter is a resident of Muranga in Central Kenya and has been in farming for over 20 years. His farm produces pigs and pork for the local market. He is married with 7 children, all adults.
Peter has requested a loan of 60,000 KES from Juhudi Kilimo to purchase piglets and their feed. He says his large-scale poultry business will have a big boost and improve his income a great deal for the family good.
Peter says the cost of feed has gone up, posing a challenge to the business. He adds that Juhudi loans have made farming easier for farmers.
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.