David lives in the Kitale area of Kenya, which is an area with high poultry production and consumption. He has nine children and has been doing this work for 11 years. His primary income sources are milk, crops, employer pension, and personal business. He will use the loan requested to buy and insure a dairy cow.
He stated what is most enjoyable about farming: 'Feeding dairy cows so as to produce more milk'. His biggest challenges are: 'Water, diseases and dairy feeds during dry seasons.' Animals on the farm have been given the names of 'Grace, Mama Safi and Maayi.'
David was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because Juhudi Kilimo finances farmers and being a farmer, I found Juhudi able to finance my farming activities.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Importance of using loans for the intended projects.'
His highest monthly expense is farming costs. When asked 'How will this loan benefit your family?', David replied, 'I will be able to educate my grandchildren, provide my family with good health care, and also feed my family.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. David owns the following: 'cow, poultry, bicycle' but does not own 'pig, pump, 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, sewing machine' but does not have 'electricity, solar power, running water, 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.