Alexander has three children and lives in the Kericho area of Kenya. He is a farmer, which he has been doing for five years. His primary income sources are milk, eggs, and crops. He also runs a motorcycle transport business.
Alexander is requesting a loan from Juhudi Kilimo, which will use to purchase greenhouse materials. Calf feeding is what he enjoys most about farming. His biggest challenge is milk price fluctuations. His highest monthly expense is school fees. The loan will benefit his family with sufficient food and income.
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Alexander owns the following: cow, poultry, automobile, but does not own pig, pump, bicycle, motorcycle. 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, sewing machine, TV, DVD.
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.