Benard lives in the Kericho area of Kenya, which lies in the tea growing region of Kenya. He has 2 children and has been farming for 4 years. His primary income sources are milk, eggs, crops, and transportation services.
He stated what is most enjoyable about farming: 'Milking!' His biggest challenge is 'Poor infrastructure.' Animals on the farm have been given the names of 'Chebirir.'
Benard was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'To improve my farming.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'I learnt that juhudi works with farmers like me.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?' Benard replied, “Be better placed to pay school fees for my children'. He will use the loan to buy a chuff cutter to ease the feeding of dairy cows.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Benard owns the following: 'cow, poultry, motorcycle' but does not own 'pig, pump, bicycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, 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.