Carison lives in the Kitale area of Kenya, which has a high regional output of maize. He has two children and has been doing this work for 11 years. His primary income sources are milk, eggs, crops, and personal business.
He stated what is most enjoyable about farming: 'Dairy farming!' His biggest challenge is "dairy animal diseases". He will use the loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow.
Carison was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Juhudi Kilimo tries to improve the lives of farmers by giving loans to smallholder farmers." This client was also asked what was learned during Juhudi's required micro-finance training session: 'How to use the money borrowed from Juhudi Kilimo to avoid defaulting.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Carison replied, "I will get money from selling milk so as to supplement my income and provide basic needs to my family".
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Carison owns the following: 'cow, poultry, bicycle' but does not own 'pig, pump, 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, 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.