Francis lives in the Kitale area of Kenya, which has a high regional output of maize. He has five children and has been doing this work for 10 years. His primary income sources are milk, eggs, crops, and personal business.
He stated what is most enjoyable about farming: 'poultry keeping!'. His biggest challenge is 'Diseases and expensive poultry feed". One animal in the farm is named."Maua". He will use the loan of 30,000 KES from Kiva partner Juhudi Kilimo to buy poultry birds.
Francis was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because Juhudi finances farmers to boost their lives..' This client was also asked what was learned during Juhudi's required micro-finance training session: 'They are short-term loans.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Francis replied 'I will get income for the upkeep of my family and to pay for school fees for my children.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Francis owns the following: 'cow, poultry, motorcycle' but does not own 'pig, pump, bicycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, electricity, TV, DVD' but does not have 'solar power, running water, 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.