Geoffrey lives in the Litein area of Kenya, which houses the campus of Mt. Kenya University. He has 1 child and has been doing this work for 5 years. His primary income sources are milk and tea.
He states that growing crops and rearing livestock are his favorite parts of his job. His biggest challenge is cultivating. One of his animals has been given the name of Moo.
Geoffrey was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Low interest rates." This client was also asked what he learned during Juhudi's required micro-finance training session: "It finances low income earners."
His highest monthly expenses are school fees. He said that the loan will improve his family's standards of living.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Geoffrey owns a cow and poultry, but does not own a pig, a pump, a bicycle, a motorcycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net and electricity, but does not have solar power, running water, a sewing machine, a TV, or a DVD.
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.