David lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. He has 2 children and has been doing this work for 6 years. His primary income sources are milk, eggs, crops and transportation services.
He stated what is most enjoyable about farming: 'Being able to meet the family needs from agricultural income.' His biggest challenge is: 'Access to collateral.' Animals on the farm have been given the names of 'Murgusi.'
David was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'I was introduced to Juhudi by a friend.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'I learned how to work in a group to benefit from a Micro-finance Institution.'
His highest monthly expense is farming costs. When asked, 'How will this loan benefit his family,' David replied 'I will purchase a dairy cow to boost milk production and increase income.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. David owns a cow and poultry, but does not own 'a pig, a pump, a bicycle or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. In the household he does not have 'a mosquito net, electricity, solar power, running water, a sewing machine, a TV or a DVD player'.
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.