Alfred lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. He has three children. His primary income sources are milk, eggs, and crops, and he has been doing this work for four years. He will use the loan to buy a dairy cow.
He stated what is most enjoyable about farming, "milking the dairy cows." His biggest challenges are diseases like animal and crop diseases and also lack of enough funds. The animal on the farm is named “Lelgina.”
Alfred was asked why he chose Juhudi Kilimo for this loan, to which he replied, “low interest rates.” This client was also asked what was learned during Juhudi's required micro-finance training session, and he replied, “geared towards improving our lives.”
His highest monthly expense is farming costs. When asked, “How will this loan benefit your family?”, Alfred replied, “improve living standards.”
As part of Juhudi Kilimo’s loan appraisal process, each borrower's assets are evaluated. Alfred owns “a cow and poultry”, but does not own “a pig, 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 “a mosquito net and solar power”, but does not have “electricity, 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 sent 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.