Jason lives in the Eldoret area of Kenya, a primary milk producing area. He has two children. He has been doing this work for 12 years. His primary income sources are milk, eggs, crops, and personal business. He has requested a loan of 40,000 KES from Juhudi Kilimo to help him buy poultry. Jason is currently running a business, and these are his first farm animals (which is why the photo does not reflect any chickens).
He stated what is most enjoyable about farming: "He is able to plan his work, and no one harasses or follows him around -- it gives him satisfaction!" His biggest challenge is "lack of enough capital for expansion and bad debtors."
Jason was asked why he chose Juhudi Kilimo for this loan, to which he replied: "He learnt from his friends who are members of Juhudi Kilimo." This client was also asked what was learned during Juhudi's required microfinance training session: "how to make use of the loan wisely and avoid default."
His highest monthly expense is business related. When asked, "How will this loan benefit your family?" Jason replied that he will generate more income and take his children to good schools.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jason owns the following: a cow, poultry, and bicycle, but does not own a pig, pump, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in his household a mosquito net, a TV, and a DVD, but he does not have electricity, solar power, running water, or a sewing machine.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
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.