Peninah resides in Nkubu with her husband and two children. She has been a farmer for the past fifteen years, growing and selling bananas and horticultural crops.
She has requested a loan of KES.30,000 from Juhudi Kilimo for purchasing a chuff cutter,which will be used to cut nappier grass for the dairy cows, thus leading to an increase in milk production. She says that this will improve their standard of living. She wants to be the leading milk producer in the entire country. The challenges she faces are lack of sufficient funds, crop pests and animal diseases.
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.