Peter is a resident of Litein, South Rift, Kenya. He has been in active farming for 8 years and currently employs two farmhands. Peter is age 36 and married with two children who are ages 3 and 8. His farm produces milk, pineapple and tea for the local market. He laments of poor markets for the farm produce.
Peter has requested for a loan of 80,000 KES from Juhudi Kilimo to purchase a motorcycle for a transport business. He says the transport business will improve his family's living standards since his income will be better as he makes deliveries to the market more cheaply.
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.