Nickson lives in the Litein area of Kenya. He has 3 children and has been doing this work for 6 years. His primary income sources are milk, eggs, and tea.
He stated what is most enjoyable about farming: General farming and business. His biggest challenge is poor weather. One of the animals on the farm has been named Chelel.
With this loan, Nickson will construct a zero grazing unit (Zero grazing is an approach to animal management in which families contain livestock in an enclosed, shaded area and carry fodder and water to them instead of letting them wander in the open where they are more likely to catch diseases or damage the environment).
Nickson was asked why he chose Juhudi Kilimo for this loan, to which he replied, "the low interest rate." Nickson was also asked what was learned during Juhudi's required micro-finance training session, to which he replied, "It (Juhudi Kilimo) processes loans faster."
His highest monthly expense is school fees for his children. Nickson believes that this loans will positively impact his family by increasing the family's income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Nickson owns the following: a cow, poultry, and a motorcycle, but does not own a pig, a water pump, a bicycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has mosquito netting in the household but does not have electricity, solar power, running water, a sewing machine, a TV, or a DVD player.
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.