Thomas lives in the Kisii area of Kenya, which is an area that does not suffer from a dry season. He has six children. His primary income sources are milk and eggs; he has been doing this work for five years.
He stated what is most enjoyable about farming is 'growing crops and rearing livestock.' His biggest challenge is 'diseases.' Animals on the farm have been given the names of 'Nyabarati.'
Thomas was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'low interest rate.' This client was also asked what was learned during Juhudi's required microfinance training session: 'better services.'
His highest monthly expense is business related. When asked 'How will this loan benefit his family', Thomas replied 'milk and manure.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Thomas owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, sewing machine, TV, 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.