Timothy lives in the Muranga area of Kenya, which is a heavy pineapple-producing region. He has two children and has been doing farming for 14 years. His primary income sources are tea and crops.
He stated what is most enjoyable about farming: "Feeding my animals." His biggest challenge is: "Spraying pesticides and cultivating." Animals on the farm have been given no names.
Timothy was asked why he chose Juhudi Kilimo for this loan, to which he replied: "It offers better terms for farmers." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "Helps farmers access farming assets."
His highest monthly expense is school fees. When asked, "How will this loan benefit his family?," Timothy replied, "Paying school fees for his children from the income."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Timothy owns the following: 'poultry, pump, and bicycle,' but does not own: 'cow, pig, motorcycle, or automobile'. Juhudi Kilimo also tries to measure any change in living standards, based on this loan. This borrower has in the household: 'mosquito net, electricity, running water, TV, and DVD,' but does not have: 'solar power or 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.