Philip lives in the Eldoret area of Kenya, which is a primary milk producing area. He has 2 children and has been doing this work for 3 years. His primary income sources are milk, eggs, crops, personal business.
He stated what is most enjoyable about farming: 'Rearing livestock for subsistence and commercial purposes' His biggest challenge is 'Access to funds for business.' Animals on the farm have been given the names of 'Lamaiywet.'
Philip was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Was introduced to juhudi by a friend.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Learnt how to benefit in agriculture by acquiring assets from mfi.'
His highest monthly expense is family expenses. When asked 'How this loan would benefit his family', Philip replied 'Will acquire a dairy cow.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Philip owns the following: 'cow, poultry, automobile' but does not own 'pig, pump, bicycle, motorcycle'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, sewing machine, TV, DVD'.
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.