Hillary lives in the Litein area of Kenya. He has no children and has been working with dairy cattle for 7 years. His primary income sources are milk and tea.
He stated what is most enjoyable about farming is selling farm produce. His biggest challenge is the drought season. Animals on the farm have been given no names.
Hillary was asked why he chose Juhudi Kilimo for this loan, to which he replied, " The low interest rate." This client was also asked what was learned during Juhudi's required micro-finance training session, "It helps farmers."
His highest monthly expense is family expenses. When asked how would this loan benefit his family, Hillary replied, "Increased income for family."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Hillary owns the following: cow and motorcycle but does not own a pig, poultry, pump, bicycle, 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 but does not have electricity, solar power, 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.