William lives in the Eldoret area of Kenya, which is primarily a milk producing area. He has five children and has been farming for five years. His income sources include milk, eggs, crops, and other personal business. He says that what he finds most enjoyable about farming is: 'grazing his animals'. His biggest challenge is 'getting dairy feed.' Animals on the farm have been given the names of 'zulii'.
William was asked why he chose Juhudi Kilimo for this loan; he replied: 'they come to us.' William was also asked what he learned during Juhudi's required micro-finance training session; he replied: 'record keeping.' His highest monthly expense is farming costs. When asked 'How will this loan benefit his family?'; William replied: 'I will pay school fees in time.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. William 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 due to administered loans. William has in his household 'a mosquito net and solar power' but does not have 'electricity, running water, a sewing machine, TV, or DVD'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and then sent 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.