Kipkurgut lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. He has 6 children and has been doing this work for 20 years. His primary income sources are milk, eggs and crops. He will use the loan to buy and insure a dairy cow.
He stated what is most enjoyable about farming is that he loves crop farming and loves seeing his crops grow. He also loves animals! His biggest challenge is lack of enough capital for expansion. The dairy cow on the farm has been named Mukie.
Kipkurgut was asked why he chose Juhudi Kilimo for this loan, to which he replied he found out from church by a friend. This client was also asked what was learned during Juhudi's required microfinance training session and he said he learnt about how to invest the loan from Juhudi.
His highest monthly expense is farming costs. When asked how this loan would benefit his family, Kipkurgut replied he would get milk for the family and sell the surplus, thus increasing his income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Kipkurgut owns the following: cow and poultry, but does not own a pig, pump, bicycle, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net but does not have electricity, solar power, running water, a sewing machine, TV, or DVD.
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.