Benjamin lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. He has seven children. His primary income sources are milk, eggs, crops, and personal work, and he has been doing this work for 17 years.
He stated what is most enjoyable about farming: "He loves being his own boss and from farming this has been made possible!" His biggest challenge is "During dry season it is difficult to get food for the animals." Animals on the farm have been given the names of "Miso".He will use the loan to buy a water tank.
Benjamin was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Got information from other members." This client was also asked what was learned during Juhudi's required micro-finance training session: "Various loan products from Juhudi; policies."
His highest monthly expense is school fees. When asked how this loan will benefit your family, Benjamin replied, "With an additional cow his income will be greatly increased."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Benjamin owns the following: a cow, poultry, a pump, and a bicycle, but does not own a pig, a motorcycle, or an 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 a DVD.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and sent 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.