Zacharia lives in the Litein area of Kenya, a very fertile area for agriculture. He has two children and has been doing this work for 10 years. His primary income sources are milk, eggs and vegetables.
He stated what is most enjoyable about farming: "Vegetable farming." His biggest challenge is crop diseases. Animals on the farm have been given no names.
Zacharia was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Because it helps us in farm work." This client was also asked what was learned during Juhudi's required micro-finance training session: "They are good for our lives."
His highest monthly expense is farming costs. When asked how this loan would benefit his family, Zacharia replied that it will generate more income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Zacharia owns the following: cow and poultry, but does not own a pig, pump, bicycle, 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 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 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.