Robert, pictured here on a motorcycle, lives in the Nyamira area of Kenya, which is a popular banana growing region. He has three children and has been doing agricultural work for 11 years. His primary income sources are milk, eggs, tea, crops, and motorcycle transportation services.
He stated what is most enjoyable about farming: “Poultry farming!” His biggest challenge is “dairy farming diseases.” Animals on the farm have been given names.
Robert was asked why he chose Juhudi Kilimo for this loan, to which he replied: “The interest rate is favorable.” During Juhudi’s required microfinance training session, Robert learned that he can eliminate poverty through this fund.
Robert’s highest monthly expense is farming costs. When asked, “How will this loan benefit your family?,” Robert replied that his family income will improve.
As part of Juhudi’s loan appraisal process, each borrower’s assets are evaluated. Robert owns the following: a cow, poultry, a pump, and a motorcycle, but he does not own a pig, a bicycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. Robert has in the household a mosquito net, solar power, and a TV but does not have electricity, running water, a sewing machine, or a DVD.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and to 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.