Josephat lives in the Kisii area of Kenya, which is not far from Masai land. He has one child and has been doing his work for five years. His primary income sources are milk, crops, and personal business.
He stated what is most enjoyable about farming: "High yields!" His biggest challenge is: "Hailstones." Animals on the farm have been given the names of 'Maridadi.' He will use the loan of KES 62,400 from Juhudi Kilimo to buy and insure a dairy cow.
Josephat was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Help me advance in farming." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "Get credit loan to do business."
His highest monthly expense is school fees. When asked, "How will this loan benefit your family?," Josephat replied, "Milk."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Josephat owns the following: 'cow,' but does not own: 'pig, poultry, pump, bicycle, 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, solar power, TV, DVD,' but does not have: 'electricity, 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.