George lives in the Kitale area of Kenya, which is an area with high poultry production and consumption. He has two children and his primary income sources are milk, eggs, crops, and personal business. He has been doing this work for 13 years.
He stated what is most enjoyable about farming is "dairy farming." His biggest challenge is "diseases." Animals on the farm have been given the names of "Lelmet."
George was asked why he chose Juhudi Kilimo for this loan, to which he replied, "Because it offers loans to farmers." This client was also asked what he learned during Juhudi's required micro-finance training session: "They are short-term loans."
His highest monthly expense is school fees. When asked how this loan benefit his family, George replied, "I will be able to educate my children and also feed my family."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. George owns the following: cow, poultry, but does not own pig, pump, bicycle, motorcycle, automobile.
Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito net, electricity, sewing machine, TV, DVD, but does not have solar power, running water.
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.