John lives in the Eldoret area of Kenya, which is a primary milk producing area. He has three children and has been doing this work for five years. His primary income sources are milk, eggs, crops and a job salary.
He stated what is most enjoyable about farming: 'Earning from agriculture especially from the sale of milk!' His biggest challenge is 'Low financial resources to boost agricultural production.' Animals on the farm have been given the names of 'Tuiyobei, chamuit". He will use the loan to buy a chaff cutter and a water tank.
John was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Knew about Juhudi from neighbours and friends.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'How I can use funds from the MFI to acquire assets for agricultural purposes.'
His highest monthly expense is farming costs. When asked 'How will this loan benefit your family?', John replied 'Will purchase a chaff cutter and a water tank to be used in dairy production.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. John 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, electricity, TV' but does not have 'solar power, running water, sewing machine, 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.