Peter lives in the Kitale area of Kenya, which lies in the northern part of the Rift Valley. He has three children.
He is a farmer and has been doing this work for seven years. His primary income sources are milk, eggs, crops and transportation services.
He stated what is most enjoyable about farming: "Poultry keeping and dairy farming!" His biggest challenge is "diseases." Animals on the farm have been given the names of "Mrembo and Maua."
He will use the loan requested from Juhudi Kilimo amounting to 60,000 KES to buy poultry birds.
Peter was asked why he chose Juhudi Kilimo for this loan, to which he replied: "It finances farmers with assets for them to get income and improve their standards of living." This client was also asked what was learned during Juhudi's required micro-finance training session: "They are loans given to small-scale farmers and businessmen."
His highest monthly expense is school fees. When asked how this loan would benefit his family, Peter replied, "My children will get education."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Peter owns the following: cow, poultry, bicycle, motorcycle, but does not own pig, pump, automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito net, TV, DVD but does not have electricity, solar power, running water, 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.