James lives in the Nyamira area of Kenya, which is a popular banana growing region. He has two children and has been doing this work for 28 years. His primary income sources are milk, eggs, tea, crops and personal business.
He stated that what is most enjoyable about farming is the returns. His biggest challenge is diseases. Animals on the farm have been given the names of Maridadi.
James was asked why he chose Juhudi Kilimo for this loan, to which he replied because it is cheap. He was also asked what he learned during Juhudi's required micro-finance training session and he answered 'savings management.'
His highest monthly expense is family expenses. When asked 'How will this loan benefit your family?', James replied 'Increase family income.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. James 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.