Leonard lives in the Kitale area of Kenya, which has a high regional output of maize. He has 4 children and has been farming for 13 years. His primary income sources are milk, eggs, crops, and personal business.
He stated what is most enjoyable about farming is poultry keeping and feeding poultry. His biggest challenges are poultry diseases and expensive poultry feeds. Animals on the farm have been given the names of Lelmet and Mrembo. He will use the loan to buy poultry birds.
Leonard was asked why he chose Juhudi Kilimo for this loan, to which he replied it is because they gives loans to small scale farmers at a lower interest rate. He was also asked what was learned during Juhudi's required micro-finance training session. He answered he learned that they are short term loans.
His highest monthly expense is school fees. When asked how this loan will benefit your family Leonard replied that he will get income to be able to educate and feed my children.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Leonard owns the following a cow, poultry, and bicycle but does not own a pig, pump, motorcycle, 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 but does not have electricity, solar power, running water, sewing machine, TV, 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.