Benson has four children. He lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. He is a farmer, which he has been doing for 10 years. His primary income sources are milk, eggs, and crops. What Benson enjoys most about farming is dairy keeping. His biggest challenge is drought.
Benson is requesting a loan from Juhudi Kilimo because it works with farmers and teaches clients how to keep records. His highest monthly expense is school fees.
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Benson owns the following: cow, bicycle. He does not own pig, poultry, pump, motorcycle, automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net but does not have electricity, solar power, running water, sewing machine, TV, DVD.
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.