Jared lives in the Nyamira area of Kenya, which is a popular banana growing region. He has three children and has been doing this work for fiveyears. His primary income sources are milk, eggs, tea, crops and personal business. He will use the loan of 50,000 KES from Juhudi Kilimo to buy a dairy cow.
He stated what is most enjoyable about farming is the harvesting season. His biggest challenge is capital financing. The animals on the farm have been given the names of 'Nyabarati.
Jared was asked why he chose Juhudi Kilimo for this loan, to which he replied 'availability of training on group management.' This client was also asked what was learned during Juhudi's required micro-finance training session and he answered 'savings and repayment management.'
His highest monthly expense is business-related. When asked 'How will this loan benefit your family?', Jared replied that it will increase his family income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jared 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, solar power, TV, DVD' but does not have 'electricity, 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.