Shadrack lives in the Eldoret area of Kenya, which is training grounds for many of Kenya's Olympic runners. He has no children and has been doing his work for six years. His primary income sources are milk, eggs, and crops.
He stated what is most enjoyable about farming: 'Earning from agriculture to meet family needs' His biggest challenge is 'Lack of financial support to maximise production.' Animals on the farm have been given no names.
Shadrack was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Was introduced to Juhudi by members of Juhudi group.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Learnt how one could boost production through acquisition of funds from Juhudi.'
His highest monthly expense is farming costs. When asked 'How will this loan benefit your family', Shadrack replied 'Will purchase a water pump and irrigation pipes.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Shadrack owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, automobile'.
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.