Evans lives in the Nyamira area of Kenya, which is a popular banana growing region. He has five children and has been farming for 10 years. His primary income sources are milk, tea, crops, job salary, personal business.
He stated what is most enjoyable about farming: "To rear animals like cows." His biggest challenge is "Lack of finance."
Evans was asked why he chose Juhudi Kilimo for this loan, to which he replied:"'wanted to buy a cow." He says,
"I will name it Juhudi, since I got it through this loan."
This client was also asked what was learned during Juhudi's required micro-finance training session: "How to manage a loan in making repayments in time.'
His highest monthly expense is school fees. When asked "How will this loan benefit your family? Evans replied, "It enables me to enhance my business in terms of being a dairy farmer."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Evans owns the following: cow, poultry, pump, but does not own pig, 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.