Peter is a resident of Nkubu. He is married and has four children, all adults except for the last born who is still schooling. He has been in farming for more than 20 years. His farm currently produces milk, coffee and bananas, which he sells to the local markets. He earns additional income from his second-hand clothes sales.
Peter has requested a loan of 50,000 KES from Juhudi Kilimo. This will be his second loan after the first one of 25,000 KES. He says he will buy poultry birds at 30,000 KES and dairy goats at 20,000 KES. He says this loan will boost his income and enable him pay the school fees for his youngest son and improve the living standards of his family.
Peter's greatest challenges are the high input costs and unreliable rains, especially for banana cultivation, because they require farmers to incur additional costs in irrigation.
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.