David lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. His primary income sources are milk, eggs, tea and crops. He has three children, and has been doing this work for nine years.
He stated that the most enjoyable thing about farming is egg collection. His biggest challenge is treating poultry. Animals on the farm have been given no names.
David 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. "That members in a group must be able to approve a group member to take a loan," he replied
His highest monthly expense is farming costs. When asked how this loan will benefit his family, David replied, "I will be able to educate them."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. David owns a cow, poultry and a bicycle, but does not own a pig, a pump, a motorcycle, or an 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, electricity, a TV and a DVD, but does not have solar power, running water or a sewing machine.
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.