Peter has been practicing mixed farming for 30 years now and employs one farmhand. His farm produces tea, vegetables and tomatoes which he sells through Kenya Tea Development Authority and to the local market. He earns additional income from his business in the same location.
Peter has requested a loan of 60,000 Kes through Juhudi Kilimo to purchase water pumps and pipes. He says that, with the pumps and pipes, he will be assured of continuous production during the dry seasons. His biggest challenge has been the unstable market for his vegetables. He plans to increase his output by acquiring more land for farming. He further comments that farming has been simplified by access to financial services from Juhudi Kilimo.
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.