David lives in the Litein area of Kenya. He has three children and has been farming for 10 years. His primary income sources are from milk and tea.
For David, what is most enjoyable about his business is “dairy farming.” His biggest challenge is “animal feed.” Animals on his farm have been named “Seroi.”
David’s highest monthly expense is school fees. He believes this loan will help him earn more income for the benefit of his family.
David chose Juhudi Kilimo for this loan because of the organization’s “grace period.” During its required micro-finance training session, David learned that Juhudi Kilimo “gives loans to poor farmers.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. David owns a 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 because of this loan. David has a mosquito net but does not have electricity, solar power, running water, a sewing machine, TV or 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.