Elijah lives in the Litein area of Kenya. He has four children. He has been farming for 30 years, and his primary income sources are milk, eggs, tea, crops, and personal business. He stated what is most enjoyable about farming: 'Milking cows.' His biggest challenge is 'Feeding the animals.' Animals on the farm have been given no names.
Elijah was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Quick loan processing.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'That the first loan is up to 65,000 [Kenyan shillings].' His highest monthly expense is farming costs. When asked 'How will this loan benefit your family,' Elijah replied that he will be able to educate his children.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Elijah owns the following: cow, poultry, pump, bicycle. But he does not own: 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, solar power, sewing machine, TV, DVD. But he does not have: electricity, or 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.