Moses lives in the Kitale area of Kenya, which lies in the northern part of the Rift Valley. He has 3 children and has been farming for 12 years. His primary income sources are milk, eggs, crops, and transportation services.
He stated what is most enjoyable about farming is feeding the dairy cows to improve their productivity! His biggest challenge is diseases and lack of animal pasture during dry seasons. Animals on the farm have been given the names of Maua and Upendo.
Moses was asked why he chose Juhudi Kilimo for this loan, to which he replied that he learnt that they give loans to farmers at a lower interest rate as compared to other Micro Financial Institutions. This client was also asked what was learned during Juhudi's required micro-finance training session. He answered that they are loans given to small scale farmers and businesses.
His highest monthly expense is family expenses. When asked how this loan benefit your family, Moses replied that the income generated from the sale of milk will help me to pay school fees for my children.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Moses owns the following a cow, poultry, bicycle, and motorcycle but does not own a pig, pump, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household, a mosquito net, and TV but does not have electricity, solar power, running water, sewing machine, or 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.