Jeremiah lives in the Muranga area of Kenya, which is situated near Nairobi. He has two children and has been doing agricultural work for 18 years. His primary income sources are milk, eggs, tea, crops, and personal business.
He stated what is most enjoyable about farming: "Coffee farming because it has higher returns." His biggest challenge is "high input prices." One animal on the farm has been given the name Wambura.
Jeremiah was asked why he chose Juhudi Kilimo for this loan, to which he replied, "Because Juhudi is offering loans to farmers." This client was also asked what was learned during Juhudi's required micro-finance training session. "Microfinance helps farmers in groups," he responded.
His highest monthly expense is business related. When asked "How will this loan benefit your family?" Jeremiah replied, "[I] shall be able to provide for their needs and pay school fees for the children."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jeremiah owns a cow, poultry, a pump, and a bicycle, but does not own a 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 netting, 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.