Kenneth lives in the Litein area of Kenya. He has 3 children and has been doing this work for 4 years. His primary income sources are milk and eggs.
He stated that rearing dairy cows is the most enjoyable aspect of farming. His biggest challenges are diseases. Animals on the farm have been given no names.
Kenneth was asked why he chose Juhudi Kilimo for this loan, to which he replied: "The loans are easy to access and reliable." This client was also asked what he learned during Juhudi's required micro-finance training session: "They help us to develop economically."
His highest monthly expenses are farming costs. Kenneth said that the loan would benefit his family by improving their living standards.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Kenneth 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 a mosquito net and solar power in the household, but does not have electricity, running water, a sewing machine, a TV, 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.