Stanley lives in the Litein area of Kenya. He has no children and has been doing dairy work for 5 years. His primary income sources are milk, eggs and crops.
He stated what he finds most enjoyable about farming is getting profits. His biggest challenge is the lack of finances. Animals on the farm have been given the names of Keroi and Lelkina.
Stanley was asked why he chose Juhudi Kilimo for this loan, to which he replied, "Because of the dairy insurance." This client was also asked what was learned during Juhudi's required micro-finance training session: "They assist smallholder farmers."
His highest monthly expense is farming costs. When asked how will this loan benefit his family, Stanley replied, "It will increase the family income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Stanley owns the following: cow and poultry but he 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 a mosquito net and solar power but does not have electricity, 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.