James lives in the Kisii area of Kenya, which is scarce of available land. He has 5 children and has been doing this work for 28 years. His primary income sources are milk, eggs, tea, and crops.
He stated what is most enjoyable about farming: "Source of income." His biggest challenge is "Lack of market, poor roads." Animals on the farm have been given no names.
James was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Client friendly,low rates." He was also asked what he learned during Juhudi's required micro-finance training session: "Meet client financial needs."
His highest monthly expense is school fees. When asked "How will this loan benefit his family," James replied, "Improve living standard."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. James owns the following: "cow, pig, poultry," but does not own "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, sewing machine," but does not have "electricity, solar power, running water, 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.