James lives in the Eldoret area of Kenya, which is a primary milk producing area. He has four children and has been doing this work for nine years. His primary income sources are milk, eggs, crops, and transportation services.
He stated what is most enjoyable about farming: 'dairy keeping'. His biggest challenge is drought. Animals on the farm have been given no names.
James was asked why he chose Juhudi Kilimo for this loan, and he replied: 'it is very efficient.' This client was also asked what was learned during Juhudi's required micro-finance training session and he said, 'savings culture.'
His highest monthly expense is school fees. When asked 'How will this loan benefit his family', James replied 'ease payment of school fees.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. James owns the following: 'a cow, and a motorcycle' but does not own 'a pig, poultry, a pump, a bicycle, an 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' in the household.
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.