James lives in the Ndaragwa area, which has one of the cooler climates in Kenya. He has four children and has been doing his farming work for 15 years. His primary income sources are milk, eggs, crops, transportation services, and personal business.
He stated what is most enjoyable about farming: 'Selling farm produce.' His biggest challenge is 'Preparing land for planting.' Animals on the farm have been given the names of Thabu, Kameni, Asha, Muiru and Kimori--all cows.
James was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'They offer a grace period to farmers.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'One is able to save and borrow loans to buy assets.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?', James replied 'Will be able to take children to school from my income.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. James owns the following: 'cow, poultry, pump, motorcycle' but does not own 'pig, bicycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'solar power, TV, DVD' but does not have 'mosquito net, electricity, running water, 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.