Geoffrey lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. He has three children and has been doing agricultural work for fifteen years. His primary income sources are milk and crops.
He stated that what he finds most enjoyable about farming is: 'Dairy farming'. His biggest challenge is 'Lack of enough funds.' Animals on the farm have been given the names of 'Cheseger, tuyai, tilito.'
Geoffrey was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because the interest rate is a bit lower than other microfinance institutions'. He was also asked what he learned during Juhudi's required micro-finance training session: 'That it uplifts the living standards of smallholder farmers.'
His highest monthly expense is school fees. When asked 'How will this loan benefit his family', Geoffrey replied 'In paying school fees for his children.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Geoffrey owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, solar power, TV' but does not have 'electricity, running water, sewing machine, 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.