Julius lives in the Eldoret area of Kenya, which is a primary milk-producing area. He has 2 children and has been doing this work for 7 years. His primary income source is milk.
He said that what is most enjoyable about farming is, 'Watching his cattle grazing." His biggest challenge is 'Ecto-parasites control.' Animals on the farm have been given the names of 'leakina to mean white udder.'
Julius was asked why he chose Juhudi Kilimo for this loan, to which he replied, "Training on credit management." This client was also asked what was learned during Juhudi's required micro-finance training session to which he responded, "Proper record keeping."
His highest monthly expense is farming costs. When asked, "How will this loan benefit your family?", Julius replied, "Milk for consumption and for sale."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Julius owns the following: a cow, poultry and a bicycle but he 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 and solar power but does not have electricity, running water, 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.