Benard lives in the Eldoret area of Kenya. He has one child. He has been farming for one year. His primary income sources are milk, and personal business.
He stated what is most enjoyable about farming: 'milking cows.' His biggest challenge is 'milk price fluctuations.' Animals on the farm have been given the name of 'Mzungu - European.'
Benard was asked why he chose Juhudi Kilimo for this loan, to which he answered that his group members told him about the low-interest, asset-financing loans offered by Juhudi Kilimo. This client was also asked what was learned during Juhudi's required microfinance training session, and he said he had learned that he can acquire assets and wealth, through small loans.
His highest monthly expense is family living expenses. When asked, 'How will this loan benefit your family,' Benard replied, 'It will provide enough food.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Benard owns a cow and bicycle, but does not own a pig, poultry, pump, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net and solar power, but does not have electricity, running water, sewing machine, TV, or 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.