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Peterson
Peterson is a 42-year-old humble and hardworking man who hails from the Kisii area in Kenya, an area commonly referred to as a banana-growing region. Through his hard work he has been able to take care of his family of nine children and one wife. Life has not been that good, but he has always managed to put food on the table for his family.

Peterson's primary sources of income are tea, other crops and small businesses.Being still young all his nine children are still in school and that is why he has to work extra hard so that he can pay tuition fees for his children. Peterson believes that education is the key to success and that is why he wants to give all his children that education. For this reason he is seeking a loan of KES 31,200 to be able to purchase a dairy cow that will be of great help to him in terms of generating more income.

Through the loan he will be able to sell milk to his neighbors and the village around, where demand for milk is so high. This loan will be of much help and will help him educate his nine children and be able to give them a brighter future through education.

Peterson’s projections are that after a short period he will be able to increase the number of dairy cows that he has and be able to comfortably repay the loan.

Additional Information

More information about this loan

Juhudi Kilimo works 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. This loan will provide an income generating agricultural activity for small-holder farmers to improve their standard of living.

Important Information

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.

About Kenya

  • $1,800
    Average annual income
  • 981
    View loans »
    Kenya Loans Fundraising
  • $40,998,900
    Funds lent in using Kiva
  • 87.7
    Kenya Shillings (KES) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Peterson to buy a dairy cow.
82% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2014
Listed
Jul 19, 2014
Currency Exchange Loss:
Possible