Robert lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. His primary income sources are milk, crops, and personal business. He has three children and has been doing this work for four years.
Robert will channel the loan requested into the construction of a dairy unit. His farm currently produces mainly milk and maize, which he sells within the local markets. He stated he loves farming, but his biggest challenge is lack of sufficient funds to do the business in a more commercial way. Animals on the farm have been given the names of "Zeroi” and “Lelgut".
Robert was asked why he chose Juhudi Kilimo for this loan, to which he replied, “It does not require long procedures to be followed in order to get the loan.” This client was also asked what was learned during Juhudi's required micro-finance training session and replied,“That they finance assets as well.”
Robert’s highest monthly expense is school fees. When asked, “How will this loan benefit your family?”, he replied, “Children will be able to learn without fee problems.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Robert owns “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”, but does not have “electricity, solar power, running water, sewing machine, 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.