John lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. He has six children and has been doing this work for 10 years. His primary income sources are milk and crops.
He stated what is most enjoyable about farming: "dairy management!" His biggest challenge is the "high cost of farm inputs." Animals on the farm have been given the names of "lelmet." He will use the loan of KES 50,000 from Juhudi Kilimo to buy a dairy cow.
John was asked why he chose Juhudi Kilimo for this loan, to which he replied: "efficiency." This client was also asked what was learned during Juhudi's required microfinance training session: "record keeping."
His highest monthly expense is school fees. When asked "How will this loan benefit your family?" John replied "surplus to assist in payment of school fees."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. John owns the following: "cow, poultry" but does not own "pig, pump, bicycle, motorcycle, 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, 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.