Patrick lives in the Litein area of Kenya. He has 3 children and has been farming for 6 years. His primary income source is milk.
He stated what is most enjoyable about farming: "Farming". His biggest challenge: "the high cost of animal feeds". Animals on the farm have been given the names of "Lelkina."
Patrick 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: "It trains farmers before issuing loans."
His highest monthly expense is school fees. When asked, "How would this loan benefit your family?", Patrick replied, "It will improve our family living standards.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Patrick owns the following: 'cow' but does not own 'pig, poultry, 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' but does not have 'electricity, solar power, running water, sewing machine, TV, 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.