Charles stated he enjoys farming, but his biggest challenge is lack of funds. He has requested a loan of 40,000 KES from Juhudi Kilimo to help him buy poultry birds, as he wants to venture into poultry farming in order to diversify his farming income and improve the living standards of his family.
Charles was asked why he chose Juhudi Kilimo for this loan, to which he replied: "The interest rate is low." This client was also asked what was learned during Juhudi's required micro-finance training session: "That Juhudi Kilimo gives loans to smallholder farmers." When asked 'How will this loan benefit your family?', Charles replied, 'Their livelihood shall improve.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Charles owns the following: a cow and poultry but does not own pigs, a pump, bicycle, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito nets but does not have electricity, solar power, running water, a 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.
Important InformationTo 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.
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