Justin lives in the Muranga area of Kenya, which lies in the central Rift Valley. He has four children. He has been farming for 20 years. His primary income sources are eggs, tea, crops, and personal business.
He stated what is most enjoyable about farming: The income he gets which helps him to provide for his family. His biggest challenge is the unreliable weather conditions. Animals on the farm have not been given names.
Justin was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because Juhudi Kilimo is giving loans with very favourable terms.' This client was also asked what was learned during Juhudi's required microfinance training session, and he said: 'Microfinance can help small-scale farmers to acquire assets.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family,' Justin said that he will be able to educate his children and to upgrade the family's living standard.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Justin owns the following: poultry, pump, bicycle. He does not own: cow, pig, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household: mosquito net, running water, TV. He does not have electricity, solar power, sewing machine, or 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.