Benard lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. He has no children. He has been farming for five years. His primary income sources are milk, eggs, tea, and crops.
He stated what is most enjoyable about farming: "getting profits from farm produce." His biggest challenge is "insufficient funds." One of the animals on his farm is named Lelkina.
Benard was asked why he chose Juhudi Kilimo for this loan, to which he replied, "low interest rates." He was also asked what he learned during Juhudi's required micro-finance training session. He responded that "they assist small farmers."
His highest monthly expense is farming costs. When asked how this loan will benefit his family, Bernard replied, "It improves the living standards."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Bernard owns cows and poultry, but he does not own a pig, a pump, a bicycle, a motorcycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. Benard has in his household electricity, a TV, and a DVD player, but he does not have a mosquito net, solar power, running water, or a sewing machine.
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.