Wilson lives in the Litein area of Kenya. He has four children. His primary income sources are milk, eggs, crops. He has been doing this work for 15 years.
He stated what is most enjoyable about farming: "Getting profits." His biggest challenge is "Getting losses." Animals on the farm have been given the names of Lelgut, Seroi, Chepokong, and Kitilit.
Wilson was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Low interest rates." This client was also asked what was learned during Juhudi's required micro-finance training session: "They buy cows for farmers."
His highest monthly expense is farming costs. When asked "How will this loan benefit your family?" Wilson replied "Milk production will increase."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Wilson owns a 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 his household a mosquito net, electricity, a sewing machine, and a TV but does not have solar power, running water, or a 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.