Daniel lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. He has four children and has been doing this agricultural work for two years. His primary income sources are milk, eggs, and crops.
He stated what is most enjoyable about farming are the returns he gets from selling eggs. His biggest challenge is poultry diseases. Animals on the farm have been given no names.
Daniel was asked why he chose Juhudi Kilimo for this loan, to which he replied, "because of training programs." This client was also asked what was learned during Juhudi's required micro-finance training session: poultry keeping.
His highest monthly expense is farming costs. When asked how this loan will benefit his family, Daniel replied that he will expand his farm.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Daniel owns the following: a cow, poultry, and a bicycle, but does not own a pig, pump, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net, TV and DVD, but does not have electricity, solar power, running water or a sewing machine.
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.