Julius lives in the Litein area of Kenya. He has 3 children and has been doing this work for the past 5 years. His primary income sources are milk, eggs and crops. He states that what he finds most enjoyable about farming 'Getting profits.', while his biggest challenge is 'Lack of feeds.' The animals on his farm have been given the names of 'Lelkina' and 'karoi.' Julius was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'They give a grace period.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Low interest rates.'
Julius' highest monthly expense is farming costs. When asked 'How will this loan benefit his family', Julius replied 'there will be an increased milk production.' As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Julius owns the following: 'cow and poultry' but does not own 'a pig, pump, bicycle, 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 and electricity' but does not have 'solar power, running water, sewing machine, TV or DVD'.
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.