Peter, 71, is married with two children, ages 26 and 42 years old. He has been practicing mixed farming for 22 years in Kitale town, western Kenya. He is currently producing milk which he sells to local restaurants and households. He also employs 3 farmhands. He is a retired civil servant hence depends on his pension to cater for the basic needs of his family.
He has requested a loan of 40,000 Kes through Juhudi Kilimo to purchase artificial insemination equipment for storing semen. He says that the profits from this business will assist him in paying school fees for his three grandchildren who are currently attending school. He says that he would like to own all kinds of artificial insemination equipment in future, acquire three motorcycles and employ three employees to enhance his profession.
He further comments that the cost of artificial insemination inputs is expensive hence farmers prefer to use the traditional bulls to service their animals.
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.