Joel lives in the Litein area of Kenya. He has five children and has been doing this work for 16 years. His primary income sources are milk and crops.
He stated what is most enjoyable about farming: "Farming." His biggest challenge is insufficient funds. An animal on the farm has been given the name of Moita.
Joel was asked why he chose Juhudi Kilimo for this loan, to which he replied, "Because of fast loan processing." This client was also asked what was learned during Juhudi's required micro-finance training session: "It gives loans to poor farmers."
His highest monthly expense is school fees. When asked how this loan will benefit his family, Joel replied that it will boost the family income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joel 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, 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.