Eliud lives in the Kitale area of Kenya, which has high poultry production and consumption. He has three children and has been in his current line of work for 21 years. His primary income sources are milk, eggs and farm crops. He enjoys dairy farming and his biggest challenges are animal diseases and expensive animal feeds. He is seeking a loan from Juhudi Kilimo because it gives loans to farmers at a lower interest rate and also provides training on micro-finance. His highest monthly expense is school fees, and he plans to use the additional income he earns from this loan to pay for his children's education. He owns one cow, but does not have electricity, solar power, running water or other items such as a 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.