Daniel lives in the Litein area of Kenya. He has 4 children and has been doing this work for 9 years. His primary income sources are milk, eggs, and tea. He stated Juhudi’s loan meetings as the most enjoyable part of farming. His biggest challenge is plowing land. Animals on the farm have been given the names of 'Tin’.
Daniel was asked why he chose Juhudi Kilimo for this loan, to which he replied “good client relation”. He was also asked what he learned during Juhudi's required microfinance training session, to which he replied “asset financing”. His highest monthly expense is school fees. When asked how the loan would benefit his family, Daniel replied, “basic needs will be more available”.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Daniel owns a cow and poultry but not a pig, 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 TV but does not have electricity, solar power, running water, a sewing machine, 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.