James lives in the Muranga area of Kenya, which lies in the central Rift Valley. He has 4 children and has been doing this work for 33 years. His primary income sources are milk, eggs, tea, crops, and an employer pension.
He stated that dairy farming is pleasurable to him because it is not labor-intensive and because of the regular income. His biggest challenge is a lack of water for irrigation. Animals on the farm have been given the names of Munyaka, meaning luck, and Wanjiku, after his late wife.
James said that he chose Juhudi Kilimo for this loan because he wants to expand his farming projects. During Juhudi's required micro-finance training session, this client learned that microfinance gives loans with minimal collateral.
His highest monthly expense is farming costs. He said that this loan will benefit his family by allowing him to further expand his fairy business and earn more income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. James owns a cow, poultry, and a pump, but does not own a pig, bicycle, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net, electricity, running water, TV, and DVD player in his house, but does not have solar power, 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.